Bank of Suzhou: Suhang bonds to cease trading soon

Bank of Suzhou (SZSE:002966) announced the upcoming redemption of its "Suhang Convertible Bonds." Trading will cease on March 4, 2025, with the last opportunity for conversion to equity on March 6, 2025. Bondholders must convert before the deadline as unexercised bonds will be forcibly redeemed at a price of 101.35 yuan per bond, including tax, with the exact tax-adjusted price pending China Securities Depository and Clearing Corporation Limited verification. The conditional redemption was triggered on January 21, 2025. After the redemption, the "Suhang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Bondholders with pledged or frozen bonds are advised to unencumber them before the conversion deadline.