LMC(SZ:002921) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-16 06:07Summary of Key Points Core Viewpoint - The company, Shandong Liancheng Precision Manufacturing Co., Ltd., has announced the forced redemption of its convertible bonds ("Liancheng Convertible Bonds") due to the stock price meeting the conditions for early redemption, with the last conversion date set for August 15, 2025 [2][6][8]. Redemption Overview - The last conversion date for "Liancheng Convertible Bonds" is August 15, 2025, after which unconverted bonds will be forcibly redeemed at a price of 100.22 CNY per bond [2][4][5]. - The redemption price includes interest and is based on a coupon rate of 2.50% [4][11]. - The company’s stock price has met the condition of being at least 130% of the conversion price for 15 trading days, triggering the redemption clause [6][9]. Redemption Schedule - Key dates include: - Redemption registration date: August 15, 2025 - Redemption date: August 18, 2025 - Last trading day: August 13, 2025 - Funds credited to the issuer's account: August 21, 2025 - Redemption funds credited to bondholders: August 25, 2025 [7][15]. Redemption Process - The company will issue daily announcements regarding the redemption process leading up to the redemption date [14]. - After the redemption, "Liancheng Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [15]. Tax Implications - Individual investors are subject to a 20% tax on interest income, affecting the net redemption amount [17][18]. - Qualified foreign institutional investors are exempt from corporate income tax on interest income until December 31, 2025 [18]. Additional Information - The company has confirmed that there were no transactions of "Liancheng Convertible Bonds" by major shareholders and executives in the six months leading up to the redemption condition [16].