B · Normal
[Sifang Technology's one-word limit fell, company response] On September 3, Sifang Technology opened with a one-word limit on September 3, and the price limit was 13.91 yuan/share, a decrease of 10.03%. According to the news, September 3 is the priority placement subscription and payment date for the original shareholders of the "Sifang Convertible Bonds" convertible bonds issuance. The market view is that funds were withdrawn from underlying stocks to participate in preferential allotment subscriptions and payments, resulting in greater selling pressure. In response, Sifang Technology responded that according to the company's convertible bond issuance rules, investors participating in the preferential allotment of original shareholders need to hold the shares of the listed company on September 2. They can sell the shares today and then make priority allotment subscriptions and payments. Judging from past cases of convertible bonds issued by other listed companies, it is normal for stock prices to fall below the limit. (CSI Taurus)
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