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Express News | Shanxi Meijin Energy: The company's stocks have triggered the downward revision clause of the Meijin convertible bonds' conversion price.
Meijin Convertible Bonds: May trigger a downward correction in the conversion price
Meijin Energy announced that from May 14, 2024 to May 27, 2024, the closing price of the company's stock has been lower than 85% of the current share conversion price for 10 consecutive trading days, which is expected to trigger downward correction conditions for the “Meijin Bonds” conversion price.
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Meijin Energy: Will not revise the “Meijin Bonds” conversion price downward
Shanxi Meijin Energy Co., Ltd. announced that as of May 13, 2024, the company's stock had triggered downward revisions to the “Meijin Bonds” conversion price. After deliberation and approval at the 17th meeting of the 10th board of directors of the company, the board of directors of the company decided not to exercise the right to lower the conversion price of “Meijin Bonds” at this time. Starting from May 14, 2024, if the “Meijin Bonds” conversion price downward revision clause is triggered again, the board of directors of the company will meet again at that time to decide whether to exercise the right to revise the “Meijin Convertible Bonds” share conversion price downward.
Meijin Convertible Bonds: Expected to trigger a downward correction in the conversion price
Shanxi Meijin Energy Co., Ltd. announced that from April 18, 2024 to May 6, 2024, the closing price of the company's stock has been lower than 85% of the current share conversion price for 10 consecutive trading days, which is expected to trigger downward revision conditions for the “Meijin Bonds” conversion price.
Coal stocks declined again. Meijin Energy fell more than 7%, Jizhong Energy fell more than 5%, and Shaanxi Coal, Gansu Energy, and Yankuang Energy all fell by more than 4%.
Coal stocks declined again. Meijin Energy fell more than 7%, Jizhong Energy fell more than 5%, and Shaanxi Coal, Gansu Energy, and Yankuang Energy all fell by more than 4%.
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