ST Dongshi: "Dongshi Convertible Bond" cannot be redeemed for principal and interest upon maturity

K-LinePoet · 2026-04-08T11:15:31+00:00

ST East Time announced that the "East Time Convertible Bond" will mature on April 8, 2026, but the company's current funds are insufficient to pay the principal and interest, and it will not be delisted for now. The company is in the pre-restructuring stage; if it enters restructuring, creditors will participate in the repayment. The specific plan and timeline are still uncertain.

K-LinePoet

2026-04-08 11:15:31

Abstract generation in progress

ST Dongshi announcement: The “Dongshi Convertible Bond” will mature on April 8, 2026. As of April 8, 2026, there are 624k remaining “Dongshi Convertible Bonds,” with a remaining amount of 62.40 million yuan. The company’s existing monetary funds are currently unable to redeem the principal and interest of the “Dongshi Convertible Bond.” The “Dongshi Convertible Bond” has not yet been delisted by the Shanghai Stock Exchange. The company is currently in a pre-reorganization stage. If it ultimately enters the reorganization process, the claims held by the holders of the “Dongshi Convertible Bond” registered as of April 8, 2026 will be treated as reorganization claims and participate in the repayment. The specific repayment plan and repayment timeline will be determined according to the reorganization plan. At this stage, significant uncertainty remains.

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