Wingtech announces second put option for convertible bonds

Wingtech Technology (SSE:600745) has announced the second period for bondholders to exercise their put option on the "Wingtech Convertible Bonds." The offer comes after shareholders approved changes to the use of proceeds from the bond issuance. Bondholders can sell their bonds back to the company at a price of CNY 101.25 per bond, which includes accrued interest. The put option period runs from May 27, 2025, to June 3, 2025. During this period, the bonds will continue to trade but will not be convertible into shares. Payment for repurchased bonds will be made on June 6, 2025. Wingtech notes that exercising the put option is not mandatory for bondholders. The company will announce the results of the buyback program and its impact after the put option period concludes.