Shenzhen Kedali Industry to Delist Convertible Bonds Following Early Redemption
Shenzhen Kedali Industry's (SHE:002850) convertible bonds are set for delisting on Wednesday following early redemption, as the stock price was 130% higher than the conversion price from April 16 to May 28.The company's stock price closed at about 193.91 yuan per share for 15 out of 30 trading days, according to a Tuesday filing with the Shenzhen bourse.Upon redemption, only 63,336 outstanding convertible bonds remained, worth 6.4 million yuan.As of the close of trading, Kedali's total share capital rose by about 10.4 million shares.Shares fell 2% during the close of trading on Tuesday.