China Hongqiao (HKG:1378) will slash the conversion price of two types of convertible bonds after it declared a final dividend of HK$1.02 per share for the year 2024, a Thursday Hong Kong bourse filing by the pharmaceutical firm said.
The aluminum products company will cut the conversion price of $300 million of 5.25% convertible bonds due 2026 to HK$5.68 per share from HK$6.14 previously.
The conversion price for $300 million of 1.5% convertible bonds due 2030 will also be reduced to HK$19.36 apiece from HK$20.88 previously.
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