HUAYOU COBALT(SH:603799) Shang Hai Zheng Quan Bao·2025-09-24 20:41Core Points - The company announces the redemption and delisting of "Huayou Convertible Bonds" effective from September 24, 2025 [2][4] - The last conversion date for the bonds is September 26, 2025, with only two trading days remaining before this date [3][14] - Following the early redemption, the bonds will be delisted from the Shanghai Stock Exchange starting September 29, 2025 [4][15] Redemption Details - The redemption price is set at 100.8918 CNY per bond, which includes the face value of 100 CNY and accrued interest of 0.8918 CNY [4][10] - The redemption registration date is September 26, 2025, and the payment date for the redemption amount is September 29, 2025 [6][13] - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [5][8] Conditions for Redemption - The company can redeem the bonds if either of the following conditions is met: the stock price remains above 130% of the conversion price for 15 trading days or the remaining unconverted bonds are less than 30 million CNY [7][8] - The accrued interest calculation is based on the formula: IA = B × i × t / 365, where B is the total face value, i is the annual interest rate, and t is the number of days [10] Trading and Conversion - Trading of "Huayou Convertible Bonds" will cease from September 24, 2025, and investors are reminded to convert their bonds within the specified timeframe [5][14] - The last trading day for the bonds is September 23, 2025 [6] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of 100.7134 CNY per bond after tax [16] - For qualified foreign institutional investors, the redemption amount will be distributed without tax deductions [17]