Qingdao Gaoce(SH:688556) Shang Hai Zheng Quan Bao·2025-09-03 22:18Core Points - The company has announced the early redemption and delisting of its convertible bonds, "Gaoce Convertible Bonds" [1][4][16] - The redemption registration date is set for September 8, 2025, and trading of the bonds will cease from September 4, 2025 [2][15] - The last conversion date for the bonds is also September 8, 2025, with only three trading days remaining until this date [3][15] Redemption Details - Upon completion of the early redemption, the "Gaoce Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting September 9, 2025 [4][16] - Investors can either continue trading the bonds in the secondary market within the specified timeframe or convert them at a conversion price of 7.37 CNY per share [4][5] - If not converted, the bonds will be forcibly redeemed at a price of 100.1742 CNY per bond, which includes accrued interest [4][9] Conditions for Redemption - The conditional redemption clause has been triggered as the company's stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [5][7] - The redemption price is calculated based on the face value plus accrued interest, which is approximately 0.1742 CNY per bond [11][12] Important Dates - Redemption registration date: September 8, 2025 [2][6] - Last trading day: September 3, 2025 [6][15] - Redemption payment date: September 9, 2025 [14] Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, resulting in a net redemption amount of approximately 100.1394 CNY per bond after tax [17][18]