China Molybdenum Co., Ltd. warns of the risks related to the redemption and delisting of the "China Moly Bonds".

date
19/09/2025
Zhejiang Huayou Cobalt Industry announced the tenth redemption and delisting notice for "Huayou Convertible Bonds". From July 25, 2025 to August 29, the closing price of the company's stock for 15 consecutive trading days shall not be lower than 130% of the current conversion price of "Huayou Convertible Bonds", triggering the conditional redemption clause. The redemption registration date is September 26, the redemption price is 100.8918 yuan per share, and the redemption payment will be made on September 29. September 23 is the last trading day, September 26 is the last conversion date, and starting from September 29, "Huayou Convertible Bonds" will be delisted from the Shanghai Stock Exchange. Investors who fail to convert or sell in time may face significant losses, and the company reminds holders to pay attention to the deadline for operation.
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During the collective reception day for listed companies in the Shanghai area in 2025 this afternoon, and the semi-annual performance briefing meeting, Zhou Wanfu, executive director and vice president of Bank of Communications, responded to questions regarding "How is the reserve situation for credit extension in the second half of the year? Is it beneficial to increase the interest margin?" Zhou stated that Bank of Communications has always attached great importance to credit project reserves, conscientiously implement the relevant requirements for promoting the high-quality development of financial services to the real economy, and make every effort to expand and improve project reserves. "Currently, our project reserves and demand for the third and fourth quarters are generally stable, focusing on key areas such as 'two heavy' industries, new industries, manufacturing, inclusive finance, green development, technological innovation, and rural revitalization, to further enhance the promotion efforts. At the same time, Bank of Communications has also reserved a number of key high-quality projects according to the industrial economic structure and industrial characteristics of various regions." The semi-annual report shows that Bank of Communications' interest income from customer loans in the first half of this year was 138.325 billion yuan, a decrease of 12.396 billion yuan compared to the same period last year, a decrease of 8.22%, mainly due to a 57 basis point decrease in the year-on-year average annual return rate on customer loans.
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