SHOUCHENG (00697) Receives Conversion Notice for Bonds Totaling $173.15 Million

Stock News12-09

SHOUCHENG (00697) announced that as of the date of this announcement, the company has received conversion notices for bonds totaling $173.15 million (0.75% convertible bonds due 2026 with an initial principal amount of $180 million). Accordingly, the company has issued a total of 844 million shares to the relevant bondholders.

These converted bonds represent approximately 96% of the initial principal amount and have been completed and canceled in accordance with the terms and conditions of the bonds. The shares issued due to the conversion account for about 10% of the total issued shares.

The company intends to exercise its early redemption right to fully redeem the remaining bonds in the first quarter of 2026 (Early Redemption). SHOUCHENG will provide written notice to the trustee and primary agent no less than 30 days but no more than 60 days in advance, notifying bondholders accordingly.

Upon completion of the Early Redemption, there will be no outstanding bonds. Consequently, the company will apply to the stock exchange to delist the bonds. As of the announcement date, the outstanding principal amount of the bonds is $6.85 million, representing approximately 4% of the initial principal amount.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1142477433?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 07:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1142477433","market":"us","top_or_hot":-1,"title":"SHOUCHENG (00697) Receives Conversion Notice for Bonds Totaling $173.15 Million","media":"Stock News","content":"<p>SHOUCHENG (00697) announced that as of the date of this announcement, the company has received conversion notices for bonds totaling $173.15 million (0.75% convertible bonds due 2026 with an initial principal amount of $180 million). Accordingly, the company has issued a total of 844 million shares to the relevant bondholders.</p>\n<p>These converted bonds represent approximately 96% of the initial principal amount and have been completed and canceled in accordance with the terms and conditions of the bonds. The shares issued due to the conversion account for about 10% of the total issued shares.</p>\n<p>The company intends to exercise its early redemption right to fully redeem the remaining bonds in the first quarter of 2026 (Early Redemption). SHOUCHENG will provide written notice to the trustee and primary agent no less than 30 days but no more than 60 days in advance, notifying bondholders accordingly.</p>\n<p>Upon completion of the Early Redemption, there will be no outstanding bonds. Consequently, the company will apply to the stock exchange to delist the bonds. As of the announcement date, the outstanding principal amount of the bonds is $6.85 million, representing approximately 4% of the initial principal amount.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SHOUCHENG (00697) Receives Conversion Notice for Bonds Totaling $173.15 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSHOUCHENG (00697) Receives Conversion Notice for Bonds Totaling $173.15 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-12-09 07:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHOUCHENG (00697) announced that as of the date of this announcement, the company has received conversion notices for bonds totaling $173.15 million (0.75% convertible bonds due 2026 with an initial principal amount of $180 million). Accordingly, the company has issued a total of 844 million shares to the relevant bondholders.</p>\n<p>These converted bonds represent approximately 96% of the initial principal amount and have been completed and canceled in accordance with the terms and conditions of the bonds. The shares issued due to the conversion account for about 10% of the total issued shares.</p>\n<p>The company intends to exercise its early redemption right to fully redeem the remaining bonds in the first quarter of 2026 (Early Redemption). SHOUCHENG will provide written notice to the trustee and primary agent no less than 30 days but no more than 60 days in advance, notifying bondholders accordingly.</p>\n<p>Upon completion of the Early Redemption, there will be no outstanding bonds. Consequently, the company will apply to the stock exchange to delist the bonds. As of the announcement date, the outstanding principal amount of the bonds is $6.85 million, representing approximately 4% of the initial principal amount.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1216","symbol_name":"多样化房地产活动","start_time":0,"source_url":"","article_id":"1142477433","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142477433","pubTimestamp":1765235654,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"SHOUCHENG (00697) announced that as of the date of this announcement, the company has received conversion notices for bonds totaling $173.15 million (0.75% convertible bonds due 2026 with an initial...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1216":"多样化房地产活动","00697":"首程控股"},"translate_title":"首诚股份(00697)收到总额1.7315亿美元债券的转换通知","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00697":1},"content_text":"SHOUCHENG (00697) announced that as of the date of this announcement, the company has received conversion notices for bonds totaling $173.15 million (0.75% convertible bonds due 2026 with an initial principal amount of $180 million). Accordingly, the company has issued a total of 844 million shares to the relevant bondholders.\nThese converted bonds represent approximately 96% of the initial principal amount and have been completed and canceled in accordance with the terms and conditions of the bonds. The shares issued due to the conversion account for about 10% of the total issued shares.\nThe company intends to exercise its early redemption right to fully redeem the remaining bonds in the first quarter of 2026 (Early Redemption). SHOUCHENG will provide written notice to the trustee and primary agent no less than 30 days but no more than 60 days in advance, notifying bondholders accordingly.\nUpon completion of the Early Redemption, there will be no outstanding bonds. Consequently, the company will apply to the stock exchange to delist the bonds. As of the announcement date, the outstanding principal amount of the bonds is $6.85 million, representing approximately 4% of the initial principal amount.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1142477433","isCrawlerRequest":true}