Unigroup Guoxin convertible bonds trigger put option

Unigroup Guoxin Microelectronics' convertible bonds have triggered their put option, allowing holders to sell them back to the company at 100.212 yuan per bond.

The option was activated because the stock price remained below 70% of the current conversion price for 30 consecutive trading days ending July 21. The put option declaration period runs from July 23 to July 29.

The company also anticipates a downward adjustment of the conversion price, as the stock has fallen below 85% of the current conversion price for 10 trading days.