Lenovo Group (HKG:0992) slashed the conversion price of $675 million of 2.5% convertible bonds due 2029 to HK$8.95 per share from HK$9.06 apiece previously, a Wednesday bourse filing said.

The move comes following the declaration of a HK$0.085 per share cash dividend and the completion of the issue of $2 billion of certain convertible bonds.

All other terms of the bonds remain the same.