Zhongsheng Group Modifies Convertible Bond Terms

Zhongsheng Group Holdings Ltd. (HK:0881) has released an update.

Zhongsheng Group Holdings Limited has announced an adjustment to the conversion price of its HK$4.56 billion zero-coupon convertible bonds due in 2025, changing from HK$45.02 to HK$43.88 per share. This change is set to take effect on July 4, 2024, following the approval of a final dividend of HK$0.797 per share at the annual general meeting. The adjustment is made in accordance with preset conditions related to cash distributions to shareholders.

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