Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-11-26 18:14Core Points - The company announces the redemption and delisting of its convertible bonds, "Qibin Convertible Bonds," with the last trading day on November 27, 2025, and the last conversion day on December 2, 2025 [2][3][16] - The redemption price is set at 101.1737 yuan per bond, which includes the face value and accrued interest [4][10] - The company has triggered the conditional redemption clause due to the stock price meeting the required threshold [5][8] Redemption Details - The last trading day for "Qibin Convertible Bonds" is November 27, 2025, and the last conversion day is December 2, 2025 [6][16] - The redemption date is December 3, 2025, when the bonds will be delisted from the Shanghai Stock Exchange [4][17] - Investors can either convert their bonds at a price of 5.43 yuan per share or redeem them at the set price of 101.1737 yuan per bond [4][10] Conditions for Redemption - The conditional redemption was triggered as the stock price was above 130% of the conversion price for at least 15 out of 30 consecutive trading days [5][8] - The redemption applies to all holders registered by the close of trading on December 2, 2025 [9] Interest Calculation - The accrued interest for the bonds is calculated based on a formula involving the bond's face value, interest rate of 1.8%, and the number of days since the last interest payment [10] - The total accrued interest amounts to 1.1737 yuan per bond, leading to the total redemption price of 101.1737 yuan [10] Tax Implications - Individual investors are subject to a 20% tax on the interest income, resulting in a net redemption amount of 100.9390 yuan per bond after tax [11] - Qualified foreign institutional investors will receive the full redemption amount without tax deductions [12]