The process of convertible bond subscription is similar to that of new stock subscription, but there are still fundamental differences between the two. The threshold for convertible bond subscription is different from the threshold for new stock subscription. If you want to participate in convertible bond subscription, you must read the latest policies of the year.
To participate in the issuance of new convertible bonds in 2023, declarations must be made through shareholder accounts.
What are the conditions required for the subscription of convertible bonds in 2023? 1. Old shareholders have priority in allotment: they need to hold the corresponding shares after the market closes on the equity registration date, and full payment is required on the day of the allotment. There is no need to activate convertible bond authority.
2. Online public offering: Public offering to public investors. There is no market value requirement for positions, but convertible bond authority must be opened. No payment of subscription funds is required on the day of subscription. Full payment is required after winning the lottery.
To open convertible bonds, the following conditions must be met: 1. The account must be opened at a securities company for 20 trading days; 2. The average daily assets in the securities account and capital account in the 20 trading days before applying for opening shall not be less than RMB 100,000 (not less than RMB 100,000).
Including the funds and securities you have invested through margin trading); 3. Participated in securities trading for more than 2 years (excluding fund trading).
Investors who have opened convertible bond trading permissions before June 18, 2022 and have not closed their accounts will not be affected by the above conditions.
Institutional investors participate in the subscription and trading of convertible bonds issued to unspecified objects without the need for judgment on assets and trading experience.
After subscribing for convertible bonds, remember to check whether you have won the lottery. If you do, you need to subscribe in time to get it, otherwise you will abandon the purchase. The time from convertible bond subscription to listing is about half a month to a month, specifically for listed companies.
The announcement shall prevail.