Hangzhou Bank to redeem, delist convertible bonds

Bank of Hangzhou (SSE:600926) has announced the upcoming redemption and subsequent delisting of its "Hangzhou Bank Convertible Bonds." The redemption record date is set for July 4, 2025, with a redemption price of CNY 100.4932 per bond. Bondholders must convert their bonds to stock by July 4, 2025, or trade their bonds by July 1, 2025, as trading will cease thereafter. Redemption payments will be made on July 7, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange. The bank advises investors to consider either converting their bonds or selling them before the deadlines to avoid potential losses, considering the redemption price is substantially lower than the current market price.