Weiming convertible bondholders face mandatory redemption, potential losses

Zhejiang Weiming Environment Protection has issued its fifth cautionary notice regarding the upcoming redemption and delisting of its "Weiming 24 convertible bonds." The redemption registration date is set for December 17, 2025, with the redemption price at CNY 100.2904 per bond. Bondholders will receive redemption funds on December 18, 2025.

The last day for trading the "Weiming 24 convertible bonds" is December 12, 2025, and the final day for conversion into company shares is December 17, 2025. Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting December 18, 2025.

The company's stock price triggered the conditional redemption clause by closing above 130% of the current conversion price (CNY 22.82/share) for fifteen trading days between November 5 and November 26, 2025. With the current market price of the "Weiming 24 convertible bonds" at CNY 124.733 per bond, investors who fail to convert or sell before the deadline could face substantial investment losses due to the lower redemption price.