Rayhoo Motor Dies (SHE:002997) flagged the potential triggering of the downward revision clause for its convertible bonds listed on Oct. 15, a Friday filing with the Shenzhen Stock Exchange showed.
The company's shares closed below 85% of the current conversion price of 29.18 yuan per share, namely below 24.80 yuan per share, for nine consecutive trading days between Oct. 15 to Oct. 29.
Shares of the automobile stamping die manufacturer closed at 23.77 yuan on Friday, below 85% of the current conversion price.
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