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IRay Technology to Undertake Mandatory Bond Redemption

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IRay Technology (SHA:688301) on July 6 will undertake the mandatory redemption of convertible bonds after the stock triggered early redemption conditions.

The last trading day is June 30, with a final conversion date of July 3, according to a Monday filing with the Shenzhen bourse.

The company urged bondholders to convert at 81.43 yuan per share or sell within the prescribed period to avoid potential investment losses.

Shares of the X-ray system components manufacturer were down 4% in recent trade.

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