CIMC Enric Adjusts Convertible Bond Conversion Price

CIMC Enric Holdings (HK:3899) has released an update.

CIMC Enric Holdings Limited has announced an adjustment to the conversion price of their HK$1,680,000,000 zero coupon convertible bonds from HK$11.15 to HK$10.65, effective from June 4, 2024, following the approval of a dividend at the AGM. This change is in line with the bond terms and conditions, with all other terms remaining unchanged. The adjustment will result in an increase of over 7 million additional conversion shares, based on full conversion of the bonds.

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