What does the suggestive announcement of convertible bond redemption mean?

Convertible bond redemption is a special stock, which belongs to preferred stock, but this stock can be redeemed or converted into bonds. Under normal circumstances, shares cannot be redeemed and can only be sold to others. It is a financial derivative product, which is convenient for enterprise financing.

The prompt announcement of convertible bonds redemption is to announce to the public that convertible bonds are a kind of corporate bonds, and the holders have the right to determine them in advance within the prescribed time limit.

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Reply time: 202 1- 10-26. Please refer to the latest business changes announced by Ping An Bank in official website.