Since the net value of leveraged ETF product FLM3L is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of FLM3L at 15:00 (UTC+8), October 24.
The 10 shares of FLM3L will be merged into 1 share. Consequently, the net value per share of FLM3L will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, the user’s total asset will stay the same after the merging.
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Enjoying your trade on MXC.
The MXC team
October 24, 2020