Another doomsday convertible bond. Only the last two hours of trading are left this afternoon. If you don’t sell or convert shares, you will lose nearly 40%!
Zhengyuan convertible bonds with a closing price of 166.15 yuan in the morning are the last trading day today. Trading and stock conversion will be stopped on February 18 tomorrow. They will be redeemed at the price of 100.67 yuan each. That is, if they still hold the convertible bonds after the closing today and have not been converted into shares, then 166 yuan will become 100.67 yuan tomorrow.
After closing, the investor will lose 166.39 yuan, which will be converted into a debt of 100.39% this afternoon!
By February 16, 771700 Zhengyuan convertible bonds had not been converted into shares. According to the closing price of 167257 yuan on that day, the market value was as high as 129 million yuan. If you lose 40%, you will lose more than 50 million yuan.
in the last two hours of the doomsday convertible bond, if you don’t operate, you will lose about 40%
In the morning of February 17 today, Zhengyuan convertible bonds issued the 12th strong redemption prompt announcement. February 17 is the last trading day and stock conversion day, and the trading and stock conversion will be stopped from February 18.
Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) said that if the bondholders fail to complete the conversion by themselves before the closing of the market on February 17, 2022 (inclusive), the company will forcibly redeem at the price of 100.67 yuan / piece. After this redemption, the “Zhengyuan convertible bond” will be delisted from the Shenzhen Stock Exchange. Due to the large difference between the current secondary market price and the redemption price, bondholders may face losses if they fail to convert shares in time. In particular, bondholders are reminded to carefully read the contents of this announcement and pay attention to investment risks.
At the close of this morning, Zhengyuan convertible bonds closed at 166.15 yuan, the price fell slightly by 0.66%, and the conversion premium rate was – 1.37%. The latest closing price was very different from the redemption price of 100.67 yuan.
From December 24, 2021 to January 14, 2022, the closing price of Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) shares has been no less than 130% (19.99 yuan / share) of the current conversion price (15.38 yuan / share) of “Zhengyuan convertible bonds” for 15 consecutive trading days. Trigger the conditional redemption clause again. The company held the first meeting of the Fourth Board of directors on January 14, 2022, deliberated and adopted the proposal on early redemption of “Zhengyuan convertible bonds”.
It is worth noting that many convertible bonds were forced to redeem before, and some investors did not sell or redeem them in time, resulting in large losses.
For example, on January 11 this year, the delisted Binhua convertible bonds were forcibly redeemed, and more than 9 million shares were not forcibly redeemed at the time of forcible redemption; The forced redemption price of Binhua convertible bond is 100.378 yuan, while the final price before delisting is 169.2 yuan, and the forced redemption will lose 40%.
There are also Baotong convertible bonds that were forcibly redeemed on January 11. The final closing price was 132.101 yuan and the redemption price was 100.458 yuan. About 9 million yuan was forcibly redeemed. Those who encounter forced redemption will lose 24%.
nine convertible bonds will also be forcibly redeemed
In addition to Zhengyuan convertible bonds, there are 9 convertible bonds that have triggered forced redemption and entered the final trading period. In the following week, biyin convertible bonds, zhongdingzhuan 2, Yinhe convertible bonds and xingshuai convertible bonds will enter the last trading day. In the follow-up, there are many convertible bonds to be redeemed, and the redemption price is basically about 101 yuan. At present, the price of these convertible bonds is generally more than 130 yuan.
In addition, the price of Galaxy convertible bonds and Baichuan convertible bonds exceeds 200 yuan. Investors should pay particular attention to the risk of forced redemption.
