HC: Hongchang Convertible Bonds will soon stop conversion
HC announced at noon that there is only half a trading day left until the mandatory conversion of HC convertible bonds stops, specifically during the trading session on June 16th afternoon. After the market closes on June 16th, any HC convertible bonds that have not been converted will be forcibly redeemed at a price of 100.42 yuan per bond. Due to the significant difference between the current secondary market price of HC convertible bonds and the redemption price, investors who do not convert in time may face losses
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