GDTC(SH:688186) Zheng Quan Zhi Xing·2025-08-01 16:23Core Points - The company will redeem all outstanding "Guangda Convertible Bonds" on August 25, 2025, following the completion of the early redemption process [1][2][7] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [6][9] - The last trading day for the bonds is August 19, 2025, and the last conversion day is August 22, 2025 [1][8] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [1][7] - Investors can either trade the bonds in the secondary market or convert them at a conversion price of 20.80 CNY per share before the deadlines [2][10] - The company has triggered the conditional redemption clause due to the stock price exceeding 130% of the conversion price for a specified period [2][5] Financial Implications - The accrued interest calculation for the bonds is based on a 1.00% annual coupon rate, resulting in approximately 0.8658 CNY per bond [6][9] - After tax, the actual redemption amount for individual investors will be 100.6926 CNY per bond due to a 20% tax on interest income [8][9] - The bonds will be delisted from the Shanghai Stock Exchange on August 25, 2025, following the redemption [2][8]