GDTC(SH:688186) Zheng Quan Zhi Xing·2025-08-21 16:36Core Points - The company has announced the early redemption of its convertible bonds, "广大的转债," with a redemption price of 100.8658 CNY per bond [1][6] - The redemption registration date is set for August 22, 2025, with the last trading day being August 19, 2025 [1][7] - The bonds will cease trading from August 20, 2025, and will be delisted from the Shanghai Stock Exchange on August 25, 2025 [1][8] Redemption Conditions - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for a specified period [2][5] - The conversion price is set at 20.80 CNY per share, and the stock price must meet certain criteria for the redemption to occur [2][4] - The company will redeem all outstanding "广大的转债" if the conditions are met [2][5] Redemption Process - The accrued interest for the bonds is calculated based on a formula, resulting in an interest of approximately 0.8658 CNY per bond [6][8] - The total redemption amount includes the face value plus accrued interest, leading to a total of 100.8658 CNY per bond [6][8] - Investors must ensure they either convert or sell their bonds before the last trading day to avoid forced redemption [2][10] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, affecting the net amount received upon redemption [8][9] - The actual amount received by individual investors after tax will be approximately 100.6926 CNY per bond [8][9]