JTGROUP(SH:601609) Zheng Quan Zhi Xing·2025-08-13 09:16Core Viewpoint - Ningbo Jintian Copper Industry (Group) Co., Ltd. has announced the early redemption of its convertible bond "Jin Tong Convertible Bond" due to the stock price exceeding the redemption threshold, with the last trading day set for August 20, 2025, and the last conversion day on August 25, 2025 [1][2][4]. Redemption Details - The company has triggered the redemption clause as the stock price has been at or above 130% of the conversion price (7.53 CNY/share) for 15 out of the last 30 trading days [2][3]. - The redemption price is set at 100.0477 CNY per bond, which includes accrued interest calculated based on the bond's face value and interest rate [4][6]. - The redemption registration date is August 25, 2025, and the redemption payment date is August 26, 2025 [4][6]. Trading and Conversion Information - The last trading day for the "Jin Tong Convertible Bond" is August 20, 2025, and the last conversion day is August 25, 2025 [1][6]. - Investors are advised to either convert their bonds at the conversion price of 5.79 CNY/share or sell them in the secondary market before the last trading day to avoid potential losses [1][8]. Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, affecting the net redemption amount [4][5]. - For qualified foreign institutional investors, the redemption amount will be distributed on a pre-tax basis [5]. Listing Status - The "Jin Tong Convertible Bond" will be delisted from the Shanghai Stock Exchange starting August 26, 2025, following the completion of the redemption process [1][6].