Kansai Paint Co (JP:4613) has released an update.
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Kansai Paint Co., Ltd. has announced an adjustment in the conversion price of its Zero Coupon Convertible Bonds due in 2029 and 2031, effective April 1, 2024. This change, stemming from an Extraordinary Dividend payment, sees both bonds’ conversion price slightly reduced from ¥2,771.0 to ¥2,768.6 following the approval of a year-end dividend at the company’s 160th general shareholders meeting.
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