China Hongqiao Group Ltd. (HK:1378) has released an update.
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China Hongqiao Group Ltd. announces an adjustment to the conversion price of its US$300 million 5.25% convertible bonds due 2026, decreasing from HK$6.82 to HK$6.54 per share, effective from May 31, 2024. This change follows a dividend payment decision and will result in an increase in the number of conversion shares issuable upon full conversion of the bonds. The adjustment aligns with the company’s 2021 CB Terms and Conditions following a capital distribution to shareholders.
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