Ningbo Tuopu Group (SHA:601689) will undertake the early redemption of its convertible bonds, according to a Wednesday filing with the Shanghai bourse.
From Jan. 22 to Feb. 19, the company's stock closed no less than 62.48 yuan per share, or 130% above the current conversion price of 48.06 yuan per share, meeting the redemption criteria.
Shares of the auto parts manufacturer were down 2% in recent trade.
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