牧原食品股份有限公司发布关于“牧原转债”暂停转股的重要公告
公告概览
- 证券代码：002714
- 债券代码：127045
- 证券简称：牧原股份
- 债券简称：牧原转债
- 公告编号：2026-045
- 公告日期：2026年5月15日
公告要点
- 暂停转股时间：自2026年5月18日起至2025年度A股权益分派股权登记日止，期间“牧原转债”将暂停转股。
- 恢复转股时间：2025年度A股权益分派股权登记日后的第一个交易日恢复转股。
- 转股起止时间：2022年2月21日至2027年8月15日（如遇节假日顺延）。
- 暂停转股原因：公司即将实施2025年度A股权益分派，并且公司回购账户存在股份，需按照监管要求暂停可转债转股。
- 可转债基本情况：发行总额955,000万元，每张面值100元，期限6年，于2021年9月10日起在深交所挂牌交易。
- 可转债正常交易：暂停转股期间，牧原转债可在深交所正常交易。
对股东和投资者的影响与须知
- 影响可转债持有人：暂停转股期间，持有人无法将可转债转为公司A股。这可能影响部分投资者的投资策略，特别是计划在权益分派前转股的投资者。
- 权益分派期间安排透明：暂停转股是根据深圳证券交易所和公司募集说明书的规定执行，目的是确保权益分派的公平与顺利进行，防止因回购股份存在导致转股比例不符等问题。
- 权益分派结束后恢复转股：公司将在权益分派股权登记日后的第一个交易日及时恢复转股功能，投资者无需担心长期无法转股。
- 对股价的潜在影响：此次暂停转股与公司A股权益分派直接相关，涉及利润分配及回购股份的安排，投资者需关注公司后续关于权益分派的具体方案及执行进展，相关安排可能对公司股价产生影响。
- 未影响可转债交易：仅暂停转股操作，不影响二级市场上的可转债买卖流动性。
详细背景
牧原食品股份有限公司于2021年公开发行总额为955,000万元的可转换公司债券（牧原转债，代码127045），期限6年，起始转股日期为2022年2月21日，截止转股日期为2027年8月15日。此次暂停转股是因为公司将实施2025年度A股权益分派，并且公司回购账户存在股份，根据监管要求和公司募集说明书相关条款，须暂停转股以便顺利实施权益分派。
根据深圳证券交易所相关规定，在权益分派期间可转债暂停转股是常规操作，待权益分派完成后即可恢复转股。公司承诺在暂停转股后及时办理权益分派并恢复转股，确保投资者权益。
投资者提示
- 请密切关注公司后续发布的权益分派具体方案与恢复转股公告。
- 暂停转股期间，可转债可正常交易，投资者可以根据自身需求进行买卖操作。
- 权益分派和暂停转股等安排可能对公司股价和可转债价格产生波动，建议投资者做好风险防控。
免责声明：本文内容仅供参考，不构成投资建议。投资者应根据自身情况独立判断，并注意投资风险。
Muyuan Foods Co., Ltd. Announces Suspension of Convertible Bond Conversion During A-Share Rights Distribution
Announcement Overview
- Stock code: 002714
- Bond code: 127045
- Stock abbreviation: Muyuan Foods
- Bond abbreviation: Muyuan Convertible Bond
- Announcement number: 2026-045
- Date: May 15, 2026
Key Points
- Suspension period: From May 18, 2026, until the record date for the 2025 A-share rights distribution, conversion of “Muyuan Convertible Bonds” will be suspended.
- Conversion resumes: On the first trading day after the record date for the 2025 A-share rights distribution.
- Convertible period: February 21, 2022, to August 15, 2027 (postponed if on a holiday).
- Reason for suspension: The company is about to implement the 2025 A-share rights distribution. Since there are shares in the buyback account, conversion must be suspended according to regulatory requirements.
- Bond overview: Total issuance of RMB 9.55 billion, face value of RMB 100 per bond, 6-year term, listed since September 10, 2021.
- Normal trading: Muyuan Convertible Bonds can still be traded on the exchange during the suspension period.
Implications for Shareholders and Investors
- Impact on bondholders: During the suspension, holders cannot convert bonds into A-shares, which may affect investors’ conversion or arbitrage strategies, especially those planning to convert before the rights record date.
- Transparent distribution arrangements: The suspension follows Shenzhen Stock Exchange regulations and the company’s prospectus, aiming for a fair and smooth rights distribution and to prevent mismatched conversion ratios caused by the buyback account.
- Conversion resumes promptly after distribution: The company promises to restore the conversion function on the first trading day after the record date, ensuring investor rights.
- Potential share price impact: The suspension is directly linked to the upcoming A-share rights distribution, which involves profit distribution and share buybacks. Investors should closely monitor the specifics of the distribution plan as it may affect the company’s share price.
- Convertible bond trading unaffected: Only conversion is suspended; secondary market trading remains fully available.
Background Details
Muyuan Foods issued RMB 9.55 billion in convertible bonds in 2021 (code 127045), with a 6-year term, convertible from February 21, 2022, to August 15, 2027. The suspension is due to the upcoming 2025 A-share rights distribution and the existence of shares in the buyback account, requiring conversion to be suspended per regulatory and prospectus requirements.
According to Shenzhen Stock Exchange rules, suspending conversion during a rights distribution is standard practice. The company pledges to handle the rights distribution and restore conversion rights promptly to protect investor interests.
Investor Reminder
- Pay close attention to subsequent announcements on the distribution plan and conversion resumption.
- Convertible bonds remain tradable during the suspension; investors can still buy and sell as needed.
- Rights distribution and conversion suspension may cause volatility in the share and bond prices; investors should manage risks accordingly.
Disclaimer: The content above is for reference only and does not constitute investment advice. Investors should make independent judgments and be aware of investment risks.
