Xtep International Holdings (HK:1368) has released an update.
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Xtep International Holdings has announced an adjustment to the conversion price of its convertible bonds, following the declaration and payment of a special dividend. The conversion price has been reduced from HK$9.1718 to HK$8.3446 per share, effective immediately, increasing the potential number of shares upon full conversion of the bonds. This adjustment reflects the company’s financial maneuvers to accommodate the dividend distribution while maintaining shareholder value.
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