Midea Group (SHE:000333, HKG:0300) slashed the conversion price of two series of convertible bonds following the declaration of a final dividend of 38 yuan per 10 shares, according to a Wednesday Hong Kong bourse filing.
The conversion price for HK$8.6 billion zero-coupon convertible bonds maturing in 2027 and 2033 was reduced to HK$91.82 and HK$109.78 apiece, respectively, from HK$96.82 and HK$115.76 per share.
The changes took effect June 29, the appliance manufacturer said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments