Rongtai health(SH:603579) Zheng Quan Zhi Xing·2025-08-29 08:21Core Points - The company is implementing the early redemption of "Rongtai Convertible Bonds" with a redemption price of 102.1713 CNY per bond [1][4] - The redemption registration date is set for September 11, 2025, with the last trading day on September 8, 2025 [1][6] - The last conversion date for the bonds is also September 11, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange [1][7] Redemption Conditions - The company has triggered the conditional redemption clause due to its stock price being at least 130% of the conversion price for 15 out of 30 trading days [2][3] - The conversion price is set at 23.07 CNY per share, meaning the stock price must be at least 29.99 CNY for the redemption to occur [2][3] 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 of 2.5%, and t is the number of days from the last interest payment to the redemption date [3][4] - The total accrued interest amounts to 2.1713 CNY per bond, leading to a total redemption price of 102.1713 CNY per bond [4] Tax Implications - Individual investors will be subject to a 20% tax on the interest income, resulting in a net redemption amount of 101.7370 CNY per bond after tax [4][5] - Corporate investors are exempt from income tax on the interest income, receiving the full redemption amount of 102.1713 CNY per bond [5] Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends, and all unconverted bonds will be frozen after the registration date [5][6] - Redemption payments will be distributed on September 12, 2025, through the designated trading institutions [5][6]