GSP GROUP(SH:605088) Zheng Quan Zhi Xing·2025-07-29 16:12Core Viewpoint - The company has announced the early redemption of its convertible bonds, triggered by the stock price exceeding the specified threshold for a consecutive period, which will enhance its capital strength and reduce future interest expenses [1][2]. Redemption Announcement - The company redeemed a total of 261,000 yuan (2,610 bonds) with a total redemption amount of 262,197.69 yuan, including the current interest [1][2]. - The redemption payment date is set for July 29, 2025, and the convertible bonds will be delisted on the same day [1][2]. Conditional Redemption Trigger - The conditional redemption clause was activated as the company's stock price was at least 130% of the bond's conversion price for 15 consecutive trading days from June 5 to June 25, 2025 [1][2]. Redemption Process - The board of directors approved the early redemption on June 25, 2025, and multiple announcements regarding the redemption were made between June 26 and July 26, 2025 [2]. - The redemption price was calculated at 100.4537 yuan per bond, which includes the principal and accrued interest [2]. Impact on Company - The total redemption amount of 262,197.69 yuan will not significantly impact the company's cash flow [4]. - The early redemption will reduce future interest expenses and strengthen the company's capital position, benefiting its development [4]. Share Capital Structure Changes - As of July 28, 2025, the total number of shares increased due to the conversion of 601,389,000 yuan of convertible bonds into 35,562,993 shares, representing 21.45% of the total shares before conversion [3][4]. - The shareholding structure of major shareholders was diluted due to the conversion, but it will not change the control of the company [4].