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CMOC Group ( (HK:3993) ) just unveiled an announcement.
CMOC Group will adjust the conversion price of its US$1.2 billion zero coupon guaranteed convertible bonds due 2027, issued via CMOC Capital Limited, following shareholder approval of a final cash dividend for 2025 of RMB0.286 per share. The dividend payment triggers an anti-dilution mechanism, reducing the bond conversion price from HK$28.03 to HK$27.55 per H share with effect from 27 May 2026.
As a result of the lower conversion price, the maximum number of H shares issuable upon full conversion will rise from about 333.7 million to roughly 339.6 million, slightly increasing potential dilution for existing H shareholders. The additional 5.8 million H shares created by this adjustment will be issued under the board’s existing general mandate, and the company has urged investors and bondholders to exercise caution when dealing in its securities.
The most recent analyst rating on (HK:3993) stock is a Buy with a HK$25.00 price target. To see the full list of analyst forecasts on CMOC Group stock, see the HK:3993 Stock Forecast page.
More about CMOC Group
CMOC Group Limited is a Chinese joint stock company incorporated in the People’s Republic of China and listed in Hong Kong, operating in the resources and mining sector. Through its Hong Kong-listed H shares and mainland-listed A shares, the group raises capital in international and domestic markets to support its mining and related operations.
Average Trading Volume: 53,396,047
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$493.3B
For a thorough assessment of 3993 stock, go to TipRanks’ Stock Analysis page.