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Jingxing convertible bonds: early redemption and delisting approaching

October 16, 2025 at 05:15 AM UTCBy FilingReader AI

Zhejiang Jingxing Paper Joint Stock Co. has initiated the early redemption of its "Jingxing Convertible Bonds," with the final trading day set for October 17, 2025. Following this, the bonds will cease trading and be designated as "Z Jingxing Convertible Bonds." The last day for bondholders to convert their bonds into shares is October 22, 2025, after which any unconverted bonds will be subject to mandatory redemption.

The redemption price is set at CNY 100.290 per bond, including accrued interest. This decision follows the company's stock price meeting the conditional redemption clause, with its shares closing at or above 130% of the current conversion price (CNY 4.41 per share) for at least 15 trading days between September 3 and September 23, 2025. Bondholders are strongly advised to convert their bonds before the October 22 deadline to avoid potential losses from mandatory redemption.

Upon completion of the redemption process, the "Jingxing Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. The company's funding for the redemption will be transferred by October 28, 2025, with investor funds expected to be credited by October 30, 2025.

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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