Zhongzhuang Construction(SZ:002822) Xin Lang Cai Jing·2025-09-15 12:53Core Points - Starting from September 19, 2025, *ST Zhongzhuang (stock code: 002822) will no longer grant conversion rights for "Zhongzhuang Zhuan 2" (bond code: 127033) holders, with the last conversion date being September 18 [1] - The company was placed under delisting risk warning on August 20, and to protect bondholders' rights, the conversion period has been extended until the 30th natural day after the restructuring is accepted [1] - After the market closes on September 18, bondholders who have not converted can declare unsecured ordinary claims, which will be settled alongside other ordinary claims, with the immediate repayment ratio likely to be low and the actual payment time uncertain [1] - If the restructuring fails, the company may face bankruptcy, and the repayment situation for "Zhongzhuang Zhuan 2" remains unclear [1] - The company has set up a consultation hotline to remind investors to be aware of risks and to invest rationally [1]