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JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) has provided an update.
JL MAG Rare-Earth Co., Ltd. has adjusted the conversion price of its US$117.5 million 1.75 per cent guaranteed convertible bonds due 2030, following shareholder approval of a 2025 final dividend of RMB2.2 per 10 shares. The conversion price for H shares will be reduced from HK$21.15 to HK$20.89 per share, effective 9 May 2026, reflecting the impact of the approved profit distribution on bondholders’ conversion terms.
As a result of the lower conversion price, the maximum number of H shares issuable upon full conversion of the remaining outstanding bonds will rise from 36,410,174 to 36,863,340 shares. This represents about 15.70% of the current issued H share capital and 13.57% of the enlarged H share capital, with the additional 453,166 H shares to be issued under the refreshed general mandate, slightly increasing potential equity dilution for existing shareholders.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a Chinese joint stock company listed in Hong Kong that operates in the rare-earth materials sector. The company focuses on producing and supplying rare-earth products, with its share capital divided into A shares and H shares to serve both domestic and international investors.
Average Trading Volume: 6,601,211
Technical Sentiment Signal: Hold
Current Market Cap: HK$45.98B
Find detailed analytics on 6680 stock on TipRanks’ Stock Analysis page.