Summary by Moomoo AI
Zhejiangexpress Expressway Group Co., Ltd. (Zhejiangexpress) announced on November 11, 2024 that its subsidiary Zheshang Securities will redeem the 'Zhe 22 Convertible Bonds' in advance. This move was triggered by the conditionally redemption clause after the closing price of the company's stocks remained above 130% of the conversion price for 15 trading days between September 27, 2024 and November 5, 2024. Zheshang Securities has approved the relevant proposal in the board of directors meeting on November 5 and announced it to the public the next day. Investors holding the 'Zhe 22 Convertible Bonds' will be redeemed at the face value of 100 yuan per bond plus accrued interest, unless they choose to convert into stocks or trade through the secondary market within the specified time limit. The company reminds investors to convert or sell within the deadline to avoid potential investment losses. Zheshang Securities will disclose the specific details of the redemption implementation as soon as possible.