Wynn Macau Adjusts Convertible Bond Conversion Price Following Dividend Approval

An announcement from Wynn Macau ( (HK:1128) ) is now available.

Wynn Macau has announced an adjustment to the conversion price of its US$600 million 4.50% convertible bonds due 2029 following the approval of a final dividend of HK$0.185 per share. The conversion price has been adjusted from HK$10.01212 to HK$9.66905, effective June 3, 2025, due to this capital distribution. This adjustment impacts the potential share conversion, with the bonds now convertible into approximately 487 million shares, representing about 9.3% of the current total issued share capital.

The most recent analyst rating on (HK:1128) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.

More about Wynn Macau

Wynn Macau, Limited is a company incorporated in the Cayman Islands with limited liability, primarily operating in the hospitality and gaming industry. It is listed on the Hong Kong Stock Exchange and is known for its luxury casino resorts and hotels, focusing on providing high-end entertainment and leisure services.

YTD Price Performance: 1.44%

Average Trading Volume: 9,947,028

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.76B

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