Genertec Universal Medical Group Company (HK:2666) has released an update.
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Genertec Universal Medical Group Company Limited has announced an adjustment in the conversion price of their U.S.$90,000,000 guaranteed convertible bonds due in 2026, which will decrease from HK$6.09 to HK$5.89 effective from 19 June 2024. This change comes as a result of the company’s dividend payment and will result in the bonds being convertible into approximately 6.28% of the issued share capital, or about 5.91% post-conversion, assuming no other changes in the company’s issued share capital.
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