Hengbang convertible bonds face early redemption, conversion halt

Shandong Humon Smelting Co., Ltd. has initiated the early redemption of its "Hengbang convertible bonds," with the last conversion date set for November 27, 2025. After this date, any unconverted bonds will cease to be eligible for conversion and will be mandatorily redeemed at a price of 100.28 yuan per bond (including accrued interest).

The company's stock price triggered the conditional redemption clause by trading above 130% of the current conversion price for fifteen trading days within a thirty-day period, specifically between September 9, 2025, and October 17, 2025. The bonds will stop trading on November 25, 2025, and be removed from the Shenzhen Stock Exchange following the redemption.

Bondholders are advised to convert their bonds before the deadline to avoid potential losses from redemption. Funds from the redemption are expected to reach the central depository account by December 3, 2025, and bondholders' accounts by December 5, 2025.