Great Wall Motor's convertible bond may trigger price revision
Great Wall Motor Company (SSE:601633) announced that its "Changqi Convertible Bond" is nearing conditions that could trigger a downward revision of the conversion price. According to the announcement, for ten trading days between June 14, 2025, and June 27, 2025, Great Wall Motor's A-share stock price has been below 85% of the current conversion price of CNY 39.61 per share. The company stated that the board of directors will decide whether to adjust the conversion price if the stock price continues to remain below the threshold for five of the next twenty trading days. The initial conversion price was CNY 38.39 per share. The bonds, issued on June 10, 2021, mature on June 9, 2027, and are listed on the Shanghai Stock Exchange (Bond Code: 113049).
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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