Shanghai GenTech (SHA:688596) plans to redeem and delist the GenTech Convertible Bonds on Aug. 7, according to a Tuesday disclosure on the Shanghai bourse.
The bonds will be redeemed at (Yen)100.16 each by Aug. 13, with a coupon rate of 0.40% for the current interest period.
The Chinese critical systems and equipment provider's shares jumped 10% at the close.
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