Shanxi Meijin Energy convertible bond sees modest Q3 conversion

For the third quarter of 2025, Shanxi Meijin Energy's convertible bond, "Meijin Convertible Bond," experienced a reduction of 235 bonds due to conversion, decreasing the total bond amount by CNY 23,500. This conversion resulted in the issuance of 4,465 new shares. As of the end of the third quarter of 2025, the remaining outstanding convertible bonds totaled 27,890,929, with a value of CNY 2,789,092,900.

The company's total share capital saw a slight increase, with unrestricted circulating shares rising by 4,465 to 4,396,249,039 shares. Consequently, the total share capital of Shanxi Meijin Energy reached 4,403,480,409 shares. The conversion price of the "Meijin Convertible Bond" is CNY 5.26 per share, with the conversion period running from October 26, 2022, to April 19, 2028.

The initial issuance on April 20, 2022, consisted of 35,900,000 convertible bonds, each with a face value of CNY 100, totaling CNY 3,590,000,000. The initial conversion price was CNY 13.21 per share, which was subsequently adjusted multiple times due to corporate actions. The most recent adjustment occurred on June 26, 2024, when the conversion price was revised downwards to CNY 5.26 per share.