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ANTA Sports Products ( (HK:2020) ) has provided an update.
ANTA Sports Products Limited announced an adjustment to the conversion price of its EUR1,500,000,000 zero coupon guaranteed convertible bonds due 2029, following the approval of a dividend by shareholders. The conversion price will be adjusted from HKD104.02 to HKD102.62, effective from 14 May 2025, due to the dividend distribution. This adjustment will allow the bonds to be convertible into approximately 4.07% of the company’s enlarged share capital, assuming full conversion. The adjustment is expected to impact the company’s financial operations by potentially increasing the number of shares in circulation, which may affect shareholder value and market perception.
More about ANTA Sports Products
ANTA Sports Products Limited is a company incorporated in the Cayman Islands, primarily engaged in the sportswear industry. It focuses on designing, developing, manufacturing, and marketing sportswear products, including footwear, apparel, and accessories, catering to a broad market segment.
Average Trading Volume: 13,923,746
Technical Sentiment Signal: Buy
Current Market Cap: HK$255.2B
For detailed information about 2020 stock, go to TipRanks’ Stock Analysis page.