Zijin Mining Group Co., Ltd. (Zijin Mining) announced an adjustment to the conversion price of the US$1.50 billion zero-coupon guaranteed convertible bonds due 2031, originally issued by its wholly-owned subsidiary Jinkai Investment Holdings Limited. Effective 5 August 2026—immediately after the record date for shareholders’ interim dividend entitlement—the conversion price will be reduced from HK$62.65 to HK$61.69 per H share. The change is triggered by the declared interim cash dividend of RMB4.20 per 10 shares for the six months ended 30 June 2026.
The company’s issued share capital currently totals 26.59 billion shares, comprising 20.60 billion A shares (including 0.08 billion treasury shares without voting rights) and 5.99 billion H shares. Based on the new conversion price, the maximum number of H shares issuable upon full conversion of the bonds rises to approximately 189.72 million from 186.82 million. This represents:
• 3.17% of existing issued H shares (previously 3.12%); • 0.71% of existing total issued shares (previously 0.70%); and • 0.72% of issued shares excluding treasury shares (previously 0.70%).
Post-conversion, the enlarged share base would see the new shares equate to roughly 3.07% of total issued H shares and 0.71% of the company’s overall share capital (excluding treasury shares).
The convertible bonds, first issued in February 2026 under a general mandate, remain guaranteed unconditionally and irrevocably by Zijin Mining. All other terms and conditions of the bonds are unchanged. The board advises investors and shareholders to exercise caution when trading the company’s securities.
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