Workflow
最后一天交易!不及时操作或将亏损
Shang Hai Zheng Quan Bao·2025-10-23 23:00

Core Viewpoint - The imminent redemption and trading cessation of Montai Convertible Bonds and New 23 Convertible Bonds pose significant risks for investors who fail to act promptly, potentially leading to substantial losses exceeding 29% and 23% respectively [1][9]. Group 1: Trading and Redemption Dates - October 24 is the last trading day for Montai Convertible Bonds and New 23 Convertible Bonds [2][5]. - October 29 is the final conversion day for these bonds, after which unconverted bonds will be frozen and cease trading [5][7]. Group 2: Current Bond Prices and Potential Losses - As of October 23, the closing prices for Montai Convertible Bonds and New 23 Convertible Bonds were 144.000 CNY and 131.254 CNY respectively [9]. - Investors who do not act in time may incur losses exceeding 29% for Montai Convertible Bonds and 23% for New 23 Convertible Bonds, based on their respective strong redemption prices [1][9]. Group 3: Conversion and Redemption Mechanism - Investors can convert Montai Convertible Bonds at a price of 23.47 CNY per share and New 23 Convertible Bonds at 50.75 CNY per share from October 24 to 29 [7][9]. - After October 29, unconverted bonds will be forcibly redeemed at a price of 101.19 CNY and 100.2192 CNY per bond, respectively, which includes accrued interest [7][9]. Group 4: Investor Actions and Risks - Investors are advised to either sell their convertible bonds or convert them into shares before the deadlines to avoid losses [11][12]. - The new regulations require a "Z" designation on the last trading day to alert investors of the risks associated with the bonds [12].