Jinji Shares' stocks and bonds decline again; the company responds: Early redemption of convertible bonds is to reduce costs

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After experiencing a double decline in stocks and bonds last Friday, on April 20th, Jinji Co., Ltd.'s stocks and bonds declined again. Data shows that by the midday close on April 20th, Jinji Co.'s stock price was 11.48 yuan per share, down 3.93%; Jinji convertible bonds were 148.359 yuan per bond, down 1.42%. Jinji Co., Ltd. issued its third warning announcement regarding the early redemption of Jinji convertible bonds on the evening of April 17th. Jinji Co. responded to reporters that the early redemption of convertible bonds and the decline are normal market phenomena. After triggering the conditional redemption clause, the listed company can choose to redeem early or to pay at maturity. The company considered that the price was relatively high, and if paid at maturity, it would incur higher costs, so it chose to redeem early to reduce costs. ( China Securities Golden Bull )

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