Bosideng Adjusts Bond Conversion Price Post-Dividend

Bosideng International Holdings (HK:3998) has released an update.

Bosideng International Holdings Limited has announced an adjustment to the conversion price of their USD275 million 1.00% convertible bonds due in 2024, following the approval of a final dividend for the fiscal year ending March 31, 2024. The conversion price will be reduced from HKD4.01 to HKD3.83 per share, effective from August 27, 2024. This adjustment, resulting from the declared dividend, will potentially lead to the issuance of new shares representing approximately 4.37% of the enlarged share capital of the company.

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