Yangtze Precision Machinery and Electronics Co., Ltd. has decided not to revise downward the conversion price of the "Precision Machinery Convertible Bonds."
From September 8th to 26th, 2025, if the closing price of Changhai Jinggong Steel Structure Co., Ltd. stock is lower than 80% of the current conversion price for 15 trading days, it will trigger a downward adjustment clause for the "Jingong convertible bond" conversion price. The company issued 2 billion yuan of "Jinggong convertible bonds" in 2022 with a term of 6 years. After reviewing the situation of the company, the trend of the stock price, and other factors at the 18th interim meeting of the ninth board of directors in 2025, the board of directors decided not to make a downward adjustment to the conversion price. If this clause is triggered again in the next month, no adjustment plan will be proposed, and the calculation will start again on October 27th.
Latest