Shenfa SFC2 is hyped by the doomsday round, not suitable for exercising right now

Sina Finance News SFC2, which was about to terminate its trading on June 23, encountered speculation today and was temporarily suspended by the Shenzhen Stock Exchange. Investors will lose if they buy and exercise.

SFC2 of Shenzhen Stock Exchange gradually made efforts after 13:30, and the increase rapidly expanded. After 14:30, it reached the highest daily increase of 27.65%, and was temporarily suspended by Shenzhen Stock Exchange to the stage of collective bidding.

The exercise price of the "Shenfa SFC2" warrant is 19.00 yuan. For each "Shenfa SFC2" warrant held by an investor, the investor has the right to purchase one share of "Shenfa A" at a price of 19.00 yuan during the exercise period.

If the investor buys SFC2 of Shenzhen Development and exercises the right at this time, the exercise cost is close to 30 yuan, which is much more than the current stock price of about 25 yuan of Shenzhen Development A. Even the SFC2 purchased by investors at the bottom price of more than 7 yuan a few days ago is still at a positive premium, so investors will suffer losses if they choose to exercise at this time.

The announcement of Shenzhen Stock Exchange shows that the exercise period of the "SFC2" warrants is the last 30 trading days of the duration of the warrants, that is, the trading days from May 16, 2008 (Friday) to June 27, 2008 (Friday), of which the exercise period from June 23, 2008 (Monday) to June 27, 2008 (Friday) is non tradable.

Related reports:

    SZSE SFC2 Warrant Exercise Announcement