Kingsoft ( (HK:3888) ) just unveiled an announcement.
Kingsoft Corporation Limited announced the partial conversion of its 0.625% Convertible Bonds due 2025, resulting in the issuance of 31,924,065 new shares. This conversion represents approximately 35.81% of the initial principal amount of the bonds and reduces the outstanding principal to approximately HK$1,256 million. The conversion and subsequent share issuance slightly increase the company’s total shares in issue, impacting its capital structure and potentially affecting shareholder value.
More about Kingsoft
Kingsoft Corporation Limited is a technology company primarily engaged in software development and internet services. It operates in the technology industry, focusing on providing software solutions and services, including office software, cloud computing, and entertainment software.
YTD Price Performance: 10.71%
Average Trading Volume: 233
Technical Sentiment Signal: Sell
Current Market Cap: $6.41B
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