Resonac Holdings Adjusts Bond Conversion Price Following Dividend Approval

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Resonac Holdings Adjusts Bond Conversion Price Following Dividend Approval

The latest announcement is out from Showa Denko KK ( (JP:4004) ).

Resonac Holdings Corporation has announced an adjustment in the conversion price for its Zero Coupon Convertible Bonds due 2028. This adjustment is due to the payment of an extraordinary dividend, which was approved at the Ordinary General Meeting of Shareholders, resulting in a new conversion price of ¥4,560.5 from the previous ¥4,638.0.

More about Showa Denko KK

YTD Price Performance: -7.98%

Average Trading Volume: 275

Technical Sentiment Signal: Sell

Current Market Cap: $4.17B

Find detailed analytics on 4004 stock on TipRanks’ Stock Analysis page.

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