ST Dongshi: "Dongshi convertible bonds" face risks of redemption, and the company is facing multiple crises.

ST Dongshi announced that the "Dongshi convertible bond" will mature on April 8, 2026, and the issuer is expected to be unable to repay the principal and interest on time. In March 2026, the credit rating of the "Dongshi convertible bond" was downgraded to CC. The company's non-recurring net profit has been negative in recent years, and its continued operating capability is uncertain, with some debts not being repaid on time. In addition, the company is under investigation for illegal and irregular information disclosure, and is expected to be ordered to correct, warned, and fined 1.8 million RMB, with the persons responsible also facing fines of 800,000 to 1 million RMB. The company's stock has been subject to additional risk warnings since March 23.