CHINAHONGQIAO cuts 2030 CB conversion price to HK$18.44 following dividend distribution

Bulletin Express
06/02

China Hongqiao Group Limited (CHINAHONGQIAO) will adjust the conversion price of its US$300.00 million 1.50% Convertible Bonds due 2030 from HK$19.36 to HK$18.44 per share. The revision, triggered by the company’s declared dividend—classified as a “Capital Distribution” under the bond terms—takes effect on 3 June 2026, the business day after the 2 June 2026 record date.

The lower conversion price increases the number of shares issuable upon full conversion of the outstanding bonds by 6.01 million, lifting the potential maximum to 126.44 million shares. These shares will be issued under the general mandate approved at the 19 May 2026 annual general meeting. The company currently has 9.82 billion shares in issue.

Apart from the conversion price adjustment, no other terms of the 2025 Convertible Bonds have been altered. Bondholders are advised to consult professional advisers regarding the implications of the change.

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