Meijin Energy convertible bonds may trigger conversion price adjustment

Shanxi Meijin Energy has announced that its "Meijin Convertible Bonds" (127061) may trigger a downward revision of the conversion price. The bonds, with a current conversion price of CNY 5.26 per share and a conversion period running from October 26, 2022, to April 19, 2028, have seen the company's A-shares trade below 85% of the current conversion price for 10 out of the last 30 trading days between May 22, 2025, and June 5, 2025.