Towngas Smart Energy Slashes Conversion Price of Convertible Bonds; Shares Slip 1%

MT Newswires Live

07/15

Towngas Smart Energy (HKG:1083) reduced the conversion price of certain convertible bonds to HK$5.94 per share from HK$6.06 apiece effective Monday, July 14, a same-day Hong Kong bourse filing said.

Shares of the piped gas company were down over 1% in Tuesday afternoon trading.

The move follows the payment of the final year and special dividend for the year 2024.

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