Summary by Moomoo AI
ZHEJIANG HANGYONG EXPRESSWAY CO., LTD. (“ZHEJIANG HANGYONG”) ANNOUNCES THAT UNDER THE TERMS OF ITS EUR 230,000,000 ZERO-YIELD CONVERTIBLE BOND ISSUED ON JANUARY 20, 2021, THE COMPANY HAS REDEEMED CERTAIN NOTES IN ADVANCE ON JANUARY 22, 2024, INVOLVING A TOTAL PRINCIPAL AMOUNT OF EUR 202,600,000. Upon such early redemption, the remaining outstanding principal amount of the outstanding debentures is EUR 27,400,000, which can be converted into approximately 1.9694% of the issued share capital of the company's H shares, i.e. 38,968,206 shares of H shares. This redemption is at the option of the bondholder and includes interest payable on the call date. THE BOARD OF DIRECTORS OF ZHEJIANG HANGYONG IS APPOINTED BY MR. YUAN YINGJIE AS CHAIRMAN AND CONFIRMED THE LIST OF BOARD MEMBERS ON THE ANNOUNCEMENT DAY.