Since the net value of leveraged ETF products HNT3S, BAT3S, SXP3S and KSM3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of HNT3S, BAT3S, SXP3S and KSM3S at 11:30 (UTC+8) on March 11.
The 10 shares of HNT3S, BAT3S, SXP3S and KSM3S will be merged into 1 share respectively. Consequently, the net value per share of HNT3S, BAT3S, SXP3S and KSM3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.