BYE(SH:603861) Shang Hai Zheng Quan Bao·2025-08-18 19:45Core Points - The company has announced the redemption of its convertible bonds "Bai Dian Convertible Bonds" and the last trading day is set for August 25, 2025 [1][3][14] - The last conversion date for the bonds is August 28, 2025, and investors are encouraged to convert or sell their bonds within the specified timeframe [2][14] - The bonds will be redeemed at a price of 101.5726 yuan per bond, which includes accrued interest [5][10] - The bonds will be delisted from the Shanghai Stock Exchange starting August 29, 2025, following the completion of the redemption [3][15] Redemption Details - The redemption date is set for August 28, 2025, and the redemption price is 101.5726 yuan per bond [5][9] - The accrued interest is calculated based on a formula that considers the bondholder's total amount, the annual interest rate of 2.00%, and the number of days since the last interest payment [10][11] - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [4][7] Important Dates - Last trading day for "Bai Dian Convertible Bonds": August 25, 2025 [1][5] - Last conversion day: August 28, 2025 [2][14] - Redemption funds will be distributed on August 29, 2025 [13] Investor Guidance - Investors are advised to convert or sell their bonds before the last trading day to avoid forced redemption [3][17] - The company will provide further announcements regarding the redemption process and its implications [12]