Sifang Tech shares hit limit-down as convertible bond subscription begins

TREE NEWS update: Sifang Technology’s shares hit the daily limit-down at 13.91 yuan per share, down 10.03%, on Sept. 3, the subscription and payment day for its ‘Sifang Convertible Bond’ rights issue. The company attributed the drop to investors selling shares to fund the subscription, calling it normal based on past cases.