Since the net value of leveraged ETF products BZRX3S, RSR3S, ETC3S, YFII3S and ETH3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of BZRX3S, RSR3S, ETC3S, YFII3S and ETH3S at 19:15 (UTC+8), November 18.
The 10 shares of BZRX3S, RSR3S, ETC3S, YFII3S and ETH3S will be merged into 1 share respectively. Consequently, the net value per share of BZRX3S, RSR3S, ETC3S, YFII3S and ETH3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.
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The MXC team
November 18, 2020