The price of Moutai put warrants, whose final trading period is tomorrow, has dropped to 9.8%, but this seems relatively high compared with its actual value. Guizhou Moutai The announcement is issued today, in view of“ Maotai JCP1 ”As the expiration date of the put warrants is approaching, Guizhou Moutai hereby requests investors to pay close attention to the issues and investment risks related to the exercise of the Maotai put warrants.
Maotai's put warrants were created due to the reform of Guizhou Maotai shares. According to the regulations, investors hold four Maotai put warrants, that is, they can sell a share of Maotai to Guizhou Maotai at a price of 30.3 yuan on the exercise date, which is May 29, 2007. On May 30, 2006, Moutai put warrants were listed on the Shanghai Stock Exchange. The price in the first few days exceeded 4 yuan. At that time, the stock price of Moutai was between 40 yuan and 50 yuan. With the rise of the share price of Moutai, the share price of Moutai is also depreciating.
On last Sunday, the share price of Moutai had reached 98.43 yuan. Even if Moutai had dropped its limit in all trading days before May 29, the share price of Moutai could not fall below 30.3 yuan. In fact, in the past two months, investors have basically given up hope that the Maotai share price has fallen below 30.3 yuan, but there are still investors who hope to see a scene like the crazy speculation of the end of Baosteel warrants. However, the situation of Maotai put warrants is obviously different from that of Baosteel warrants shares The gap between prices is very obvious, and speculation is almost impossible, while it is very promising to reproduce the scenario of Vanke Warrants falling to 1%.
An investor said that the warrant is an expectation of the future. When the time is approaching and the expectation of the future no longer exists, the warrant is a piece of waste paper. "In a word, it's time to exercise power. It's really waste paper."
Chen Jie
