ADD(SH:603089) Zheng Quan Zhi Xing·2025-06-09 10:23Core Viewpoint - Zhejiang Zhengyu Industrial Co., Ltd. has announced the early redemption of its convertible bonds, leading to a suspension of trading for related securities [1][2]. Redemption Details - The redemption registration date is set for June 18, 2025, with a redemption price of 101.1644 CNY per bond [2][3]. - The last trading day for the convertible bonds is June 13, 2025, and the last conversion day is also June 18, 2025 [2][7]. - Following the early redemption, the convertible bonds will be delisted from the Shanghai Stock Exchange starting June 19, 2025 [2][7]. Conditions for Redemption - The company has triggered the redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [3][5]. - The redemption applies to all holders registered by the redemption registration date [5][6]. Interest and Tax Implications - The accrued interest for the bonds is calculated to be 1.1644 CNY per bond, leading to a total redemption amount of 101.1644 CNY per bond before tax [5][6]. - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of approximately 100.9316 CNY per bond after tax [6][8]. Trading and Conversion Warnings - Investors are advised to convert or sell their bonds before the deadlines to avoid forced redemption, as the current market price significantly exceeds the redemption price [3][8]. - As of June 9, 2025, there are only 4 trading days left until the last trading day and 7 days until the last conversion day [7][8].