Far East Horizon Limited (HK:3360) has released an update.
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Far East Horizon Limited has announced adjustments to the conversion prices of its guaranteed convertible bonds due in 2025 and 2026, following the approval of a final dividend of HK$0.50 per Share for 2023. The conversion prices for the bonds will be reduced, resulting in an increased number of shares issuable upon full conversion of the 2020 Convertible Bonds, while the shares for the 2021 Convertible Bonds will decrease post-redemption. This move, effective from 28 June 2024, leverages the general mandate given by shareholders in 2020.
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