GDTC(SH:688186) Shang Hai Zheng Quan Bao·2025-08-14 19:23Core Points - The company announced the early redemption of its convertible bonds "Guangda Convertible Bonds" with the last trading day on August 19, 2025, and the last conversion day on August 22, 2025 [1][2][5] - The redemption price is set at 100.8658 CNY per bond, which includes accrued interest [3][12] - The bonds will be delisted from the Shanghai Stock Exchange starting August 25, 2025 [3][21] Redemption Details - The redemption registration date is August 22, 2025, and the redemption payment date is August 25, 2025 [5][19] - Investors can either trade the bonds in the secondary market or convert them at a price of 20.80 CNY per share before the last trading day [3][20] - The company triggered the conditional redemption clause as the stock price met the required threshold of 130% of the conversion price for at least 15 trading days within a 30-day period [4][10] Interest Calculation - The accrued interest for the bonds is calculated using the formula: IA = B × i × t / 365, where B is the total face value, i is the annual coupon rate, and t is the number of days [8][16] - For the current interest period, the coupon rate is 1.00%, and the total days from the last interest payment to the redemption date is 316 days [14][15] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6926 CNY per bond after tax [22] - Non-resident enterprises are exempt from corporate income tax on bond interest income until December 31, 2025 [23]