⊙ Our reporter Wang Lina
CMB CMP1 The trading of put warrants (580997) was stopped on August 24, and the originally set exercise period was from August 27 to August 31. However, since the value of the warrants was zero, experts reminded investors not to exercise.
Since CMB CMP1 warrants are put warrants, exercise means that investors have the right to sell 1 share to CMB CMP1 warrant issuer at a price of 5.45 yuan during the exercise period for each "CMB CMP1" put warrant they hold“ China Merchants Bank ”A shares. Investors should pay special attention that CMB CMP1 warrants are put warrants, not call warrants, so it is impossible to buy CMB shares at a price of 5.45 yuan.
Taking the closing price of China Merchants Bank's A-share on August 24 as 39.04 yuan, once investors exercise their rights at 5.45 yuan, they will have a loss of more than 30 yuan per share.
The original intention of issuing CMB CMP1 put warrants was based on the fact that the market was still depressed at that time, and the issuer held shares % of investors provide a derivative product that plays a protective role when A-shares fall. That is, when CMB A-shares fall below the exercise price, CMB A-shares can be sold at the exercise price. However, since 2006, the stock market has continued to rise, and the price of CMB's A-share has risen to nearly 40 yuan. If investors exercise CMB's CMP1 as a warrant, it will cause great losses. 582997 is the exercise code, and its buying and selling direction is "buying". Here, "buying" actually means "exercising", not buying CMB A shares.
