Golden Pheasant Group's stock and bonds fall again, company responds: Early redemption of convertible bonds is to reduce costs.

After suffering a double blow to stocks and bonds last Friday, on April 20th, Jinji Stock fell again. Jinji Stock issued a third indicative announcement on the early redemption of Jinji Convertible Bonds on the evening of April 17. The announcement showed that the board of directors agreed to exercise the early redemption right of "Jinji Convertible Bonds", with the redemption date set for May 11th and the redemption price at 101.18 yuan per bond. "Jinji Convertible Bonds" will cease trading from May 6th and conversion from May 11th. After this redemption is completed, "Jinji Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Jinji Stock responded that the decline in response to the early redemption of convertible bonds is a normal market phenomenon. After triggering the conditional redemption clause, the listed company can choose to redeem early or opt for mature payment. Considering the high price at maturity, which would incur high costs, the company chose to redeem early in order to reduce costs.