Genertec Universal Medical adjusts convertible bond conversion price

Genertec Universal Medical Group Company Limited (HKEX:2666) has announced an adjustment to the conversion price of its US$90 million guaranteed convertible bonds due in 2026, effective June 19, 2025. The conversion price will be adjusted from HK$5.89 to HK$5.70, in accordance with the terms of the convertible bonds and resulting from the declaration and payment of a dividend by the company. This adjustment, termed the "Adjustment," will not alter any other terms or conditions of the convertible bonds. Following the Adjustment and assuming full conversion of the US$90 million outstanding Convertible Bonds, these Convertible Bonds will be convertible into 122,665,263 Conversion Shares, representing approximately 6.48% of the issued share capital. The total number of issued shares of the Company is 1,891,539,661.