Guangzhou Port convertible bonds enter exchange period

Guangzhou Port Co., Ltd. (SSE:601228) announced that the exchange period for the first tranche of exchangeable corporate bonds issued by its controlling shareholder, Guangzhou Port Group Co., Ltd., has commenced. The bonds, known as "24 穗港EB" (bond code 137188.SH), were issued on October 22, 2024, with a total value of CNY2.45 billion and a coupon rate of 0.10%. The initial conversion price is CNY3.70 per share. The exchange period runs from April 23, 2025, to October 22, 2027. As of the announcement date, Guangzhou Port Group holds 5,703,112,627 A-shares, representing 75.59% of the company's total share capital. The company stated that any potential share conversion would not significantly impact its control structure.