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Will Sate Convertible Bonds be another Yong22?
The mandatory redemption period has reached 10 trading days, and the conversion value is hovering around 130.
Set Convertible Bonds and Yong 02 have also been revised downward twice, making a mandatory redemption more likely.
Sait New Materials should not follow Yongguan New Materials’ example of a sudden late-day surge to force a redemption.
A warning announcement about the upcoming mandatory redemption will be issued tonight.