Share conversion is one of the ways for investors to end their convertible bond investment. If the positive stock price is higher than the conversion price, investors can consider converting shares.
Convertible bonds, like stocks, have multiple sectors. So how to convert GEM convertible bonds into shares? How to convert GEM convertible bonds into shares? 1. To conduct GEM stock conversion, two conditions must be met first.
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First, it needs to be within the conversion period, which starts six months after the convertible bonds are listed; second, it needs to open the GEM stock authority.
2 Specific process: GEM belongs to the Shenzhen Stock Exchange. For convertible bonds in the Shenzhen Stock Exchange, investors can directly find the convertible bond conversion in the ordinary interface, and then enter the conversion code and quantity to convert.
Currently, the Shenzhen Stock Exchange has different restrictions on investors’ participation in various transactions of GEM convertible bonds. In April this year, the Shenzhen Stock Exchange began to implement the “Implementation Measures for the Management of Suitability of GEM Investors (Revised in 2020)”. At the same time,
The old management methods were abolished.
Article 15 of the new measures stipulates: Investors participating in the exchange of convertible corporate bonds on the GEM and the exchange of exchangeable corporate bonds shall refer to the investor suitability management requirements of the GEM.
However, there are no requirements for the subscription and trading of convertible bonds.