Jinko Power: "Jinko convertible bonds" put option triggered

Jinko Power Technology Co., Ltd. (SSE:601778) has announced that the conditional resale clause for its "Jinko Convertible Bonds" has been triggered. Trading prices of Jinko Power shares were below 70% of the prevailing conversion price for thirty consecutive trading days. Bondholders now have the option to sell their bonds back to the company at a price of CNY 100.27 per bond (including accrued interest). The resale period will run from June 17, 2025, to June 23, 2025, with payment scheduled for June 26, 2025. Trading in "Jinko Convertible Bonds" will continue during the resale period but conversion will be suspended. Bondholders should consider the current market price before electing to exercise their put option.