Kibing Group completes convertible bond redemption, eyes long-term benefits

Zhuzhou Kibing Group (SSE:601636) has completed the redemption of its "Qibin Convertible Bonds" (113047), with a total of RMB 4,401,000 (44,010 bonds) redeemed. The total redemption amount, including accrued interest, was RMB 4,452,655.91, disbursed on December 3, 2025. The bonds were delisted on the same day.

The redemption process saw a substantial conversion of bonds into shares. As of December 2, 2025, RMB 1,495,595,000 of "Qibin Convertible Bonds" had been converted into 275,260,380 A-shares, representing 10.2471% of the company's total shares before conversion. The company's total share capital increased to 2,958,653,728 shares.

While the redemption's immediate impact on per-share earnings is dilutive, Kibing Group anticipates long-term benefits from a strengthened capital structure, reduced asset-liability ratio, and lower financial expenses, enhancing financing capabilities and risk resilience. The holdings of major shareholders remained stable, with their combined stake at 37.60%.