Kehua Data's convertible bonds could trigger redemption

Kehua Data Co., Ltd. [SZSE:002335] announced that its stock price has traded above 130% of the current conversion price (RMB 27.65) for ten trading days between February 12, 2025, and February 26, 2025, potentially triggering a conditional redemption of the "Keshu Convertible Bonds" (bond code: 127091). According to the bond prospectus, if Kehua Data's stock price remains at or above 130% of the conversion price for at least 15 out of 30 consecutive trading days, the company has the right to redeem all or part of the outstanding bonds at face value plus accrued interest. Kehua Data will convene a board meeting to decide whether to exercise this redemption right. The total issuance of these convertible bonds was 14,920,680 shares, at a price of RMB 100 per share, totaling RMB 1,492,068,000.