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FINWIRES

IRay to Exercise Early Redemption of Convertible Bonds

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IRay Technology (SHA:688301) decided to exercise the early redemption of the iRay Convertible Bonds, according to a Shanghai bourse filing on Tuesday.

The company is given the option to redeem the convertible bonds early after its share price is at 130% of its current conversion price for at least 15 trading days.

The X-ray system components maker's closing share price was at 149.46 yuan per share between May 19 and June 8.

The six-year convertible bond's term is between Oct. 24, 2022 and Oct. 23, 2028. It initial conversion price is 499.89 yuan per share.

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