CTF Services (HKG:0659) slashed the conversion price for convertible bonds due 2025 to HK$7.39 apiece from HK$8.043 per share previously, a Wednesday filing with the Hong Kong bourse said.
The move came after the declaration of an interim ordinary dividend of HK$0.30 per share and a special dividend of the same amount to be paid to shareholders on March 21.
As of Wednesday, Feb. 27, HK$780 million of the bonds remain outstanding.
With the new conversion price, the outstanding bonds are convertible into 105,548,037 shares.
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