Zhongliang Holdings Resets Convertible Bond Terms

Zhongliang Holdings Group Company Limited (HK:2772) has released an update.

Zhongliang Holdings Group Company Limited has announced that no cash interest will be paid for its 3.0% convertible bonds due 2027 on the payment date of July 1, 2024, with payment-in-kind interest accrued increasing the principal amount. Additionally, the conversion price of these bonds has been reset to HK$0.8 per share, effective from the same date, while all other terms remain unchanged. The announcement emphasizes that this does not constitute a public offering of securities in the United States.

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