Shuangliang Eco-Energy cuts convertible bond price

Shuangliang Eco-Energy Systems (SSE:600481) announced a downward revision of the conversion price for its "Shuangliang Convertible Bonds" (110095) from 7.20 yuan per share to 6.18 yuan per share, effective March 27, 2025. Trading in the bonds will be suspended on March 26, 2025, and resume on March 27, 2025, coinciding with the effective date of the adjusted conversion price. The decision follows shareholder approval at a meeting on March 25, 2025, triggered by the company's stock price falling below 85% of the current conversion price for at least 15 trading days. The revised conversion price is no lower than the average stock price of the company in the 20 trading days before the meeting and the trading price of the day before the meeting.