Since the net value of leveraged ETF products REN3S, VET3S, XRP4L, LRC3S and ETH3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of REN3S, VET3S, XRP4L, LRC3S and ETH3S at 18:30 (UTC+8) on December 29.
The 10 shares of REN3S, VET3S, XRP4L, LRC3S and ETH3Swill be merged into 1 share respectively. Consequently, the net value per share of REN3S, VET3S, XRP4L, LRC3S and ETH3Swill 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.
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