FilingReader Intelligence

Yantai Zhenghai convertible bonds near redemption trigger

August 15, 2025 at 09:40 AM UTCBy FilingReader AI

Yantai Zhenghai Magnetic Material announced its convertible bonds may trigger conditional redemption after the stock price closed at or above 130% of the conversion price for 10 trading days since July 25.

The stock closed at RMB 16.419 per share as of August 15, exceeding the RMB 12.63 conversion price threshold. If conditions continue, the company may redeem all or part of the RMB 1.4bn unconverted bonds at par value plus accrued interest.

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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