Citic Pacific Special Steel reports Q1 2025 bond conversion

Citic Pacific Special Steel Group (SZSE:000708) has released its report on the conversion of its "中特转债" convertible bonds for the first quarter of 2025. During the quarter, CNY 3,100 (31 bonds) were converted, resulting in the issuance of 133 ordinary shares. Following this conversion, the remaining convertible bond balance stood at CNY 4,999,654,200 (49,996,542 bonds) as of March 31, 2025, with total outstanding shares increasing to 5,047,157,168. The conversion period for these bonds began on September 5, 2022, and will continue until February 24, 2028. The current conversion price is CNY 22.94 per share.