Norinco International to redeem "Northern convertible bonds"

Norinco International Cooperation (SZSE:000065) announced it will fully redeem its "Northern Convertible Bonds" (bond code: 127014) starting April 7, 2025, for 100.90 yuan per bond (including current interest). Bondholders must convert their bonds into shares by the close of trading on April 3, 2025, or risk redemption. Trading of the bonds will cease on April 1, 2025, and conversion rights will end on April 7, 2025. Funds will reach bondholder accounts by April 14, 2025. The redemption was triggered by the company's stock price exceeding 130% of the current conversion price for 15 trading days. The initial conversion price was adjusted to 7.65 yuan.