LMC(SZ:002921) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-10 23:24Core Points - The company has announced the redemption of "Liancheng Convertible Bonds" with specific dates for trading and conversion [2][3][5] Redemption Overview - The last trading day for "Liancheng Convertible Bonds" is August 12, 2025, after which trading will cease [2] - The last conversion day is August 15, 2025, and any unconverted bonds will be redeemed [3][5] - The redemption price is set at 100.22 CNY per bond, including interest [4][10] Redemption Conditions - The conditional redemption clause was triggered on July 25, 2025, due to the stock price being above 130% of the conversion price for 15 trading days [8][9] - The company’s board approved the early redemption of all outstanding convertible bonds [8] Redemption Implementation - The redemption date is August 18, 2025, with trading ceasing on August 13, 2025 [7][16] - The funds will be credited to the bondholders' accounts by August 25, 2025 [5][16] Tax Implications - Individual investors are subject to a 20% tax on interest income, affecting the net redemption amount [18] - Non-resident institutional investors are exempt from corporate income tax on interest income until December 31, 2025 [19] Additional Information - The company will publish redemption notices on trading days leading up to the redemption date [14] - The bonds will be delisted from the Shenzhen Stock Exchange after the redemption is completed [16]