EMT(SH:601208) Shang Hai Zheng Quan Bao·2025-09-02 20:29Core Points - The company has announced the early redemption of its convertible bonds, "Dongcai Convertible Bonds," with a redemption registration date set for September 5, 2025 [1][3] - The last trading day for the bonds will be September 2, 2025, after which trading will cease [5][12] - The bonds will be delisted from the Shanghai Stock Exchange starting September 8, 2025, following the completion of the redemption [3][13] Redemption Details - The last conversion date for the bonds is September 5, 2025, which is also the final day for bondholders to convert their bonds into shares at a conversion price of 11.53 yuan per share [2][12] - The redemption price is set at 100.8055 yuan per bond, which includes accrued interest [9][10] - The accrued interest is calculated based on a formula that considers the bond's face value, interest rate, and the number of days since the last interest payment [10][9] Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days [4][7] - The redemption applies to all bondholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the redemption registration date [8][11] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6444 yuan per bond after tax [14] - Resident enterprises are responsible for their own tax payments on interest income, while qualified foreign institutional investors are exempt from certain taxes until December 31, 2025 [14]