Genertec Universal Medical Slashes Conversion Price of Convertible Bonds

MT Newswires Live

2025/06/19

Genertec Universal Medical Group (HKG:2666) will cut the conversion price of $90 million of certain outstanding convertible bonds to HK$5.70 from HK$5.89 previously, a Thursday Hong Kong bourse filing said.

The move came about after the firm declared a HK$0.35 per share final dividend for the year 2024 to shareholders of record on Wednesday, June 18.

Following the adjustment, the bonds are convertible into a maximum of 122,665,263 shares, representing 6.09% of the medical financing, hospital investment, and management company's enlarged issued share capital.

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