CIMC Enric Holdings (HK:3899) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
CIMC Enric Holdings Limited has announced an adjustment to the conversion price of their HK$1,680,000,000 zero coupon convertible bonds from HK$11.15 to HK$10.65, effective from June 4, 2024, following the approval of a dividend at the AGM. This change is in line with the bond terms and conditions, with all other terms remaining unchanged. The adjustment will result in an increase of over 7 million additional conversion shares, based on full conversion of the bonds.
For further insights into HK:3899 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue