The latest announcement is out from Kingsoft ( (HK:3888) ).
Kingsoft Corporation Limited announced the partial conversion of its HK$3,100,000,000 0.625% Convertible Bonds due 2025. On April 17, 2025, the company issued 12,366,980 shares to bondholders who exercised their conversion rights, representing approximately 13.87% of the initial principal amount of the bonds. This conversion results in the cancellation of the converted bonds, reducing the outstanding principal amount to approximately HK$826 million. The conversion impacts the company’s share structure, increasing the total shares in issue by approximately 0.88%. Kingsoft will continue to announce further redemptions or cancellations of the bonds as necessary.
More about Kingsoft
Kingsoft Corporation Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong and is involved in the issuance and management of convertible bonds.
YTD Price Performance: 8.88%
Average Trading Volume: 233
Technical Sentiment Signal: Sell
Current Market Cap: $6.33B
Learn more about 3888 stock on TipRanks’ Stock Analysis page.