Citic Pacific Special Steel reports Q3 2025 convertible bond conversion details

Citic Pacific Special Steel Group has released an announcement regarding the conversion of its convertible bonds for the third quarter of 2025. During this period, the convertible bonds decreased by RMB 7,000 (70 units), resulting in a conversion of 309 shares. As of September 30, 2025, the company's remaining convertible bond balance stands at RMB 4,999,639,200 (49,996,392 units). The bond, with the code 127056, has a current conversion price of RMB 22.43 per share, which will adjust to RMB 22.23 per share on October 15, 2025, following a semi-annual dividend distribution.

The company's total share capital as of September 30, 2025, increased by 309 shares from 5,047,157,520 shares on June 30, 2025, to 5,047,157,829 shares. All of these shares are unrestricted tradable shares, maintaining the proportion of unrestricted tradable shares at 100%. The convertible bonds commenced trading on the Shenzhen Stock Exchange on April 15, 2022, and the conversion period began on September 5, 2022, extending until February 24, 2028.

The initial conversion price for the convertible bonds was RMB 25.00 per share, which has undergone several adjustments due to annual and semi-annual equity distributions. The latest adjustment, effective May 9, 2025, set the price at RMB 22.43 per share, with a further adjustment scheduled for October 15, 2025, to RMB 22.23 per share.