Bank of Nanjing to redeem, delist convertible bonds

Bank of Nanjing (SSE:601009) announced it will redeem all outstanding "Nanjing Bank Convertible Bonds" and delist them from the Shanghai Stock Exchange, effective July 18, 2025. The redemption was triggered by the company's stock price exceeding 130% of the conversion price for 15 trading days. The redemption price is set at CNY 100.1537 per bond, which includes accrued interest. The last trading day for the bonds is July 14, 2025, and the final conversion date is July 17, 2025. Bondholders are urged to either convert their bonds into shares at CNY 8.02 per share or sell them before the deadline, as the market price currently exceeds the redemption value significantly. The company reminded investors of the potential for losses if they fail to act before the deadlines.