Kingsoft ( (HK:3888) ) has provided an update.
Kingsoft Corporation Limited announced the partial conversion of its convertible bonds, originally issued in 2020, with bondholders exercising conversion rights resulting in the issuance of over 10 million new shares. This conversion represents approximately 12.32% of the initial principal amount of the bonds, reducing the outstanding principal to approximately HK$2,718 million. The conversion impacts the company’s share structure, increasing the total shares in issue by approximately 0.82%. Kingsoft plans to make further announcements regarding future redemptions or cancellations of the bonds.
More about Kingsoft
Kingsoft Corporation Limited is a company incorporated in the Cayman Islands, primarily engaged in the software industry. The company is listed on the Hong Kong Stock Exchange and is known for its development of software products and services.
YTD Price Performance: 10.71%
Average Trading Volume: 233
Technical Sentiment Signal: Sell
Current Market Cap: $6.39B
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