Zhuzhou Kibing (SH:601636) Shang Hai Zheng Quan Bao·2025-11-28 18:51Core Points - The company has announced the early redemption and delisting of its convertible bonds, "Qibin Convertible Bonds" [1][4][18] Redemption Details - Redemption registration date is set for December 2, 2025, and trading of "Qibin Convertible Bonds" has ceased since November 28, 2025 [2][17] - The last conversion date for the bonds is also December 2, 2025, with only two trading days remaining until this date [3][17] - Upon completion of the early redemption, "Qibin Convertible Bonds" will be delisted from the Shanghai Stock Exchange starting December 3, 2025 [4][18] Conversion and Redemption Conditions - Investors can convert their bonds at a price of 5.43 CNY per share or choose to be redeemed at a face value of 100 CNY plus accrued interest, totaling 101.1737 CNY per bond [4][11] - The conditional redemption clause was triggered as the company's stock price met the criteria of being at least 130% of the conversion price for 15 out of 30 consecutive trading days [5][9] Financial Calculations - The accrued interest for the bonds is calculated using the formula: IA = B × i × t ÷ 365, resulting in an accrued interest of 1.1737 CNY per bond [11][12] - The total redemption price is therefore 101.1737 CNY per bond, which is subject to a 20% personal income tax on the interest portion for individual investors [12][13] Redemption Process - The company will notify bondholders of the redemption details before the redemption period ends, and all bonds will be frozen after the registration date [14][16] - Redemption payments will be distributed on December 3, 2025, through the designated trading institutions [16]