Truchum redeems convertible bonds as controlling stake falls
Anhui Truchum Advanced Materials & Technology's controlling shareholder saw its equity stake decrease from 27.03% to 25.82% due to convertible bond conversions and share acquisitions through the Shenzhen Stock Exchange.
The company announced early redemption of its convertible bonds at 100.389 yuan per bond, including accrued interest. The bonds will cease trading on August 11, 2025, and stop converting on August 14, 2025, with full redemption by August 21, 2025.
The redemption was triggered after the bond's stock price exceeded 130% of its conversion price for 15 trading days.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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