Xinjiang Communications sets final date for Jiaojian convertible bond conversion

Xinjiang Communications Construction Group announced the early redemption of its "Jiaojian convertible bond," with the final conversion date set for September 22, 2025. After this date, any un-converted bonds will be mandatorily redeemed at a price of CNY 100.044 per bond. Investors who fail to convert their bonds by the deadline may incur losses.

The company's board of directors approved the early redemption on August 28, 2025, after the stock price met the conditional redemption criteria. The convertible bond’s current conversion price is CNY 10.00 per share. Trading of the bond will cease on September 18, 2025, with conversion stopping on September 23, 2025, followed by delisting from the Shenzhen Stock Exchange.

Funds for redemption are expected to reach the company’s account on September 26, 2025, with investor accounts credited by September 30, 2025. This action follows several adjustments to the conversion price, most recently to CNY 10.00 per share on June 25, 2025.