Hailiang convertible bonds near RMB 3.15bn redemption threshold

Zhejiang Hailiang Co announced its stock has traded at or above 130% of its conversion price (RMB 9.20/share) for nine trading days since August 4, 2025.

The company's convertible bonds, issued in November 2019 with a total value of RMB 3.15 billion, face potential redemption if the stock closes at the threshold level for 15 out of 30 consecutive trading days.

If triggered, the board may redeem all or part of the outstanding bonds at face value plus accrued interest.