HKE Holdings clarifies convertible bond conversion price

HKE Holdings (HKEX: 1726) issued a supplemental announcement today clarifying the initial conversion price of its proposed convertible bond. The company stated the conversion price of HK$2.50 per share represents a premium of approximately 62.3% over the HK$1.54 closing price on the signing date of the subscription agreement, not the previously reported 162.3%. Similarly, the premium over the five-day average closing price of HK$1.51 is 65.6%, revised down from 165.6%. The announcement also detailed anti-dilution adjustments that could affect the conversion price based on events such as share consolidation, capital distributions, or new share issuances. The company reiterated its intended use of net proceeds from a 2024 placing, allocating funds primarily to its Fintech Platform Business and general working capital. All other information from the original announcement remains unchanged.