ST Longda: Abnormal fluctuations in stock trading, risks exist in the redemption of convertible bonds at maturity.

date
03/07/2026
The announcement from ST Longda stated that the company's stock price has deviated by more than 12% for three consecutive trading days, indicating abnormal fluctuations. After verification, the company's business operations and internal and external environment remain unchanged, with no undisclosed significant issues to be disclosed. In addition, the "Longda Convertible Bonds" will mature on July 12th, with a total of 7.491 million shares yet to be converted as of July 2nd, accounting for 78.85% of the total issuance. The company's cash balance is expected to be insufficient to cover the maturity payment, posing a redemption risk.