Zoomlion Heavy Industry Science and Technology Co., Ltd. (Stock Code: 1157) provided supplemental information regarding its proposed issue of RMB6,000,000,000 convertible bonds due 2031. The announcement clarifies that these bonds are convertible at an initial price of HK$10.02.
Total conversion shares are anticipated to be 673,189,831 H Shares upon full conversion, representing approximately 43.36% of Zoomlion’s total issued H Share capital on the announcement date and 7.78% of its total issued share capital. Following full conversion, these shares would constitute about 30.25% of the enlarged H Share base and 7.22% of the enlarged total issued share capital.
Based on the clarification, Zoomlion’s H Share capital would rise from 1,552,507,548 shares to 2,225,697,379 shares if all convertible bonds were fully converted. Meanwhile, the total share capital would increase from 8,648,535,236 shares to 9,321,725,067 shares.
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