Far East Horizon Limited (HK:3360) has released an update.
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Far East Horizon Limited has announced adjustments to the conversion prices of its guaranteed convertible bonds due in 2025 and 2026 following the declaration and payment of a special dividend. The conversion price for the 2020 and 2021 Convertible Bonds will be reduced to HK$5.72 and HK$7.38 per share, respectively, effective from 5 July 2024. These adjustments are expected to increase the maximum number of shares issuable upon full conversion of the outstanding bonds.
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