On July 17th, the stock price of Guanghui Automobile has been below par for the 20th consecutive trading day, and the delisting clause of the face value is about to be triggered. Guanghui convertible bonds will also become the first high-rated convertible bonds to be delisted due to the stock below par.
Guanghui Auto and Guanghui Converted Bond both closed and fell by the limit at the end of the session. Guanghui Auto had closed below 1 yuan for 18 consecutive trading days.
On July 16, Guanghui Automobile and Guanghui Converted Bond both fell by the limit, and the stock price closed at 0.87 yuan. It has now closed at less than 1 yuan for 19 consecutive trading days.