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No. of Recommendations: 2
Why? Because the pressure and incentives creditors explicitly or implicitly will place on the company in the future likely lead to an incentive reorganization .

Prima facie the logic is sound but so far that incentive has not kicked in. The creditors are lending fully knowing they will get converted into A shares.

Also, the economic interest without voting rights (or limited voting rights) has limited influencing power, on the other hand voting rights without economic rights, allows them to appropriate economic rights through their voting rights. This could temporarily swing but over long time the economic rights attained by the accumulation of A shares can be appropriated by voting rights either by diluting the value of A shares by issuing large number of A shares or changing the fee structure, etc.
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