Henderson Land Cuts Conversion Price on HK$8 Billion Bonds
MT Newswires Live
Yesterday
Henderson Land Development (HKG:0012) said it will cut the conversion price of its HK$8 billion 0.5% convertible bonds due 2030 to HK$34.53 per share from HK$35.35, subject to approval of a final dividend, according to a Monday Hong Kong bourse filing.
Shares of the property developer were up nearly 2% in Tuesday afternoon trade.
The adjustment will take effect from June 11, following the record date for the proposed final dividend of HK$0.76 per share.
The change will increase the maximum number of shares issuable upon full conversion to 231.7 million from 226.3 million, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.