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Bank of Suzhou's convertible bonds to cease trading, redemption looms

March 5, 2025 at 05:07 PM UTCBy FilingReader AI

Bank of Suzhou (SZSE:002966) has issued a notice regarding the "Su Hang Convertible Bonds," signaling the final stages before their redemption. The last trading day for the bonds is set for March 4, 2025, with the final conversion date on March 6, 2025. Any bonds not converted by the close of trading on March 6th will be subject to mandatory redemption at a price of 101.35 yuan per bond (including tax). The redemption date is scheduled for March 7, 2025, after which the bonds will be delisted from the Shenzhen Stock Exchange. Investors are advised to monitor their holdings and conversion options closely, as failure to convert before the deadline may result in financial losses.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002966Shenzhen Stock Exchange

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