Ask the Soot manager what's going on.

PortfolioAlert · 2026-04-08T05:44:04+00:00

I just called the bankruptcy trustee of Soute to ask about the situation. The front desk provided a lawyer's phone number (Lawyer Chen 13829114493). I also called the lawyer to inquire about the details. They said they are still in the initial draft stage of asset valuation. The asset distribution plan will be determined later. Whether convertible bond holders have priority depends on the court's ruling. Some convertible bond holders are organizing litigation in court. If the court rules that convertible bonds have priority, they will have an advantage in small-scale redemption. As retail investors, we should call the court to exert influence and strive to protect our rights and interests.

PortfolioAlert

2026-04-08 05:44:04

Just called the bankruptcy administrator of Sotech to ask about the situation. The front desk there gave me a lawyer’s phone number: (Attorney Chen 13829114493)
Then I called the lawyer to ask for the specific details.
They said that they’re still in the initial draft stage of asset appraisal. The asset distribution plan will only be able to come out later. Whether bondholders of the convertible bonds have priority rights depends on the court’s judgment.
Some holders of the convertible bonds are organizing lawsuits in the court. If the court rules that the convertible bonds have priority, then there will be an advantage and it could enable small-scale redemption at par. As a small retail investor, you should call the court to exert some influence.
Make an effort to fight for and protect your own rights and interests.

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