DAYUAN PUMP(SH:603757) Zheng Quan Zhi Xing·2025-09-04 09:11Core Points - The company Zhejiang Dayuan Pump Industry Co., Ltd. has announced the early redemption of its convertible bonds, "Dayuan Convertible Bonds," due to the stock price meeting the redemption conditions [2][4] - The redemption price is set at 100.7836 CNY per bond, with the redemption date on September 17, 2025, and the last trading day on September 11, 2025 [1][6] - Investors have until September 16, 2025, to convert their bonds into shares at a conversion price of 20.59 CNY per share [2][7] Redemption Conditions - The redemption was triggered as the company's stock price was above 130% of the conversion price for 15 consecutive trading days from August 4 to August 22, 2025 [2][4] - The company has the right to redeem all or part of the unconverted bonds if the total amount of unconverted bonds is less than 30 million CNY [3][4] Redemption Process - The redemption registration date is September 16, 2025, and all bonds held by registered holders will be redeemed [4][6] - Investors who have not converted their bonds will face forced redemption at the specified price, which may lead to significant investment losses [2][8] Tax Implications - Individual investors will be subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6269 CNY per bond after tax [5][6] - Non-resident enterprises are exempt from corporate income tax on the interest income from these bonds [5]