Hengfeng Tools (300488.SZ): Early redemption of Fenggong convertible bonds

NightAirdropper · 2026-03-10T14:46:08+00:00

Hengfeng Tools (300488.SZ) announced that the stock price has met the redemption conditions and has decided to redeem the "Fenggong Convertible Bond" early. The board of directors has approved the relevant proposal to reduce funding costs, optimize capital structure, and authorized management to handle subsequent matters.

NightAirdropper

2026-03-10 14:46:08

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Gelonghui March 9 — Hengfeng Tools (300488.SZ) announced that from February 9, 2026, to March 9, 2026, the company’s stock has met the condition of closing prices not less than 130% of the conversion price (24.19 yuan/share) for at least fifteen trading days within any thirty consecutive trading days. According to the “Hengfeng Tools Co., Ltd. Growth Enterprise Market Issuance of Convertible Bonds Prospectus,” the conditional redemption clause has been triggered for the “Fenggong Convertible Bond.”

On March 9, 2026, the company held the 19th meeting of the fifth board of directors, which approved the proposal for early redemption of the “Fenggong Convertible Bond.” To reduce the company’s financing costs and optimize its capital structure, and considering current market conditions and the company’s situation, the board of directors agreed to exercise the early redemption rights for the “Fenggong Convertible Bond.” Additionally, the board authorized management to handle all matters related to the subsequent redemption of the “Fenggong Convertible Bond.”

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