China Hongqiao Group Ltd. (HK:1378) has released an update.
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China Hongqiao Group Ltd. announced an adjustment to the conversion price of its US$300 million 5.25% convertible bonds due 2026. Following a dividend declaration, the conversion price will decrease from HK$6.54 to HK$6.14 per share, effective November 25, 2024. This change will increase the number of conversion shares available to investors, potentially enhancing the attractiveness of the bonds.
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