Sunoren Solar: Convertible bond conversion stalls in Q1 2025
Zhejiang Sunoren Solar Technology (SSE:603105) announced its first-quarter 2025 convertible bond conversion results, revealing limited activity. As of March 31, 2025, only CNY 84,000 of "Xineng Convertible Bonds" had been converted into 6,441 A-shares, representing a negligible 0.0013% of the company's total share capital before the conversion. The remaining CNY 879,916,000 of convertible bonds, accounting for 99.9905% of the total issuance, remained unconverted. No conversions occurred between January 1, 2025, and March 31, 2025. The company's total share capital remained at 500,006,441 shares as of March 31, 2025. The conversion period for the bonds began on May 6, 2024, and ends on October 25, 2029, with a current conversion price of CNY 12.95 per share.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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