Digital China Group to redeem "Shenma convertible bonds"

Digital China Group (SZSE:000034) has announced the third reminder regarding the redemption of its "Shenma Convertible Bonds." The redemption was triggered because the company's stock price exceeded 130% of the conversion price for 15 consecutive trading days. Bondholders must convert their bonds into shares by the close of trading on March 27, 2025, otherwise they will be forcibly redeemed. Trading of the bonds will cease on March 25, 2025, and conversion will cease on March 28, 2025. The redemption price is set at RMB 100.13 per bond, inclusive of accrued interest. The funds will be transferred to bondholders' accounts on April 7, 2025, and the bonds will be delisted from the Shenzhen Stock Exchange after the redemption. The company urged bondholders to pay attention to the risk of potential losses due to the difference between the market price and the redemption price, and to promptly convert their bonds to shares during the limited time.