Since the net value of leveraged ETF products LINK3S, KNC3S and SXP3S are lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of LINK3S, KNC3S and SXP3S respectively at 23:20 (UTC+8), August 9.
The 10 shares of LINK3S, KNC3S and SXP3S will be merged into 1 share. Consequently, the net value per share of LINK3S, KNC3S and SXP3S will be up 10 times respectively, while 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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The MXC team
August 10, 2020