tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Chow Tai Fook Adjusts Convertible Bond Conversion Price Following Dividend Declaration

Story Highlights
Chow Tai Fook Adjusts Convertible Bond Conversion Price Following Dividend Declaration

Claim 70% Off TipRanks This Holiday Season

Chow Tai Fook Jewellery Group ( (HK:1929) ) has provided an update.

Chow Tai Fook Jewellery Group Limited announced an adjustment to the conversion price of its HK$8.8 billion convertible bonds due in 2030, following the declaration of an interim dividend of HK$0.22 per share for the six months ended September 30, 2025. This adjustment will decrease the conversion price from HK$16.91 to HK$16.66 per share, effective December 18, 2025, resulting in an increase of 7,809,156 shares upon full conversion of the bonds, which represents approximately 5.35% of the company’s existing issued share capital.

The most recent analyst rating on (HK:1929) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Chow Tai Fook Jewellery Group stock, see the HK:1929 Stock Forecast page.

More about Chow Tai Fook Jewellery Group

Chow Tai Fook Jewellery Group Limited is a prominent player in the jewellery industry, primarily involved in the design, manufacture, and sale of jewellery products. The company has a significant market presence, focusing on high-quality jewellery offerings.

Average Trading Volume: 15,827,668

Technical Sentiment Signal: Buy

Current Market Cap: HK$149.5B

See more data about 1929 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1