Meijin Energy: Convertible bond trigger looms amid share pledge

Shanxi Meijin Energy Co., Ltd. (SZSE:000723) has alerted investors that its "Meijin Convertible Bonds" are nearing a trigger point for a downward revision of the conversion price. This is due to the company's A-share stock price trading below 85% of the current conversion price (CNY 5.26/share) for 10 out of 30 consecutive trading days, giving the board the right to propose a price adjustment to shareholders.