Xinjiang Communications sets deadline for Jiaojian convertible bond early redemption

Xinjiang Communications Construction Group Co., Ltd. has announced the early redemption of its "Jiaojian convertible bonds." The last day for bondholders to convert their bonds into shares is September 22, 2025, after which conversion will cease. Trading of the convertible bonds will halt on September 18, 2025, with the redemption registration date set for September 22, 2025, and the redemption date on September 23, 2025.

The company will redeem all unconverted bonds at a price of CNY 100.044 per bond (including accrued interest). The redemption conditions were met on August 28, 2025, after the company's stock price met the trigger threshold of 130% of the current conversion price (CNY 10.00/share). Funds are expected to reach the clearing house on September 26, 2025, with bondholders receiving redemption payments by September 30, 2025.

Investors are strongly advised to convert their bonds by the deadline to avoid potential losses, as the redemption price may differ significantly from market prices prior to the trading and conversion suspension. Bonds currently pledged or frozen should be released before the conversion suspension to ensure eligibility for conversion.