On February 7, Yango Group Co.Ltd(000671) (hereinafter referred to as ” Yango Group Co.Ltd(000671) “) announced that the trading of corporate bonds would be suspended for one trading day from the opening of the market on February 8, 2022, and the trading would be resumed after the opening of the market on February 9, and the trading mode would be adjusted to “only adopt the agreed bulk trading mode”.
According to the announcement, Yango Group Co.Ltd(000671) received the notice from Dongfang Jincheng International Credit Evaluation Co., Ltd., Dongfang Jincheng lowered the credit rating of Yango Group Co.Ltd(000671) subject from AA to BBB on February 6, with a negative rating outlook, and lowered the credit ratings of “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03” and “21 Yangcheng 01” from AA to BBB. The main reasons for this rating adjustment are that Yango Group Co.Ltd(000671) expects a significant loss in net profit in 2021 and Yango Group Co.Ltd(000671) issued an announcement that “21 Yango Group Co.Ltd(000671) mtn001” interest was not paid on schedule.
According to the relevant regulations of Shenzhen Stock Exchange, upon the application of Yango Group Co.Ltd(000671) , “20 Yangcheng 01”, “20 Yangcheng 02”, “20 Yangcheng 03”, “20 Yangcheng 04”, “21 Yangcheng 01” and “21 Yangcheng 02” will be suspended for one trading day from the opening of the market on February 8 and resumed from the opening of the market on February 9. After the resumption of trading, the above-mentioned bond trading mode will be adjusted to “only adopt the agreed block trading mode”, Maintain the original net pricing method.
According to the announcement, Yango Group Co.Ltd(000671) after the adjustment of the above bond trading mode, it is limited to institutional investors among qualified professional investors to buy, and other investors holding bonds can choose to sell or continue to hold.
