Hugong Electric to Redeem Convertible Bond; Shares Up 6%

MT Newswires Live

01/12

Shanghai Hugong Electric Group (SHA:603131) plans to redeem the Hugong convertible bond by Jan. 22, according to a Shanghai bourse filing on Saturday.

The welding and cutting equipment manufacturer's shares jumped less than 6% during Monday's afternoon trade.

The convertible bond has a redemption price of 101.4 yuan per bond.

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