Honglu Steel's convertible bond conversion stagnant in Q2 2025

Anhui Honglu Steel Construction Group (SZSE:002541) announced that there were no conversions of its "Honglu Convertibles" during the second quarter of 2025. As of June 30, 2025, the remaining convertible bond balance stands at CNY 1,572,744,500, representing 15,727,445 outstanding bonds. The conversion period for the bonds began on April 15, 2021, and continues until October 8, 2026, with a current conversion price of CNY 32.08 per share, adjusted after the 2024 annual equity distribution. The company's total share capital remains unchanged at 690,013,309 shares, with 193,839,021 shares restricted and 496,174,288 shares freely tradable.