FilingReader Intelligence

Western Mining: Shareholding change due to bond conversion

April 2, 2025 at 05:09 AM UTCBy FilingReader AI

Western Mining Co., Ltd. (SSE:601168) announced that the shareholding of its controlling shareholder, Western Mining Group, has decreased due to the conversion of "22 西矿EB" exchangeable bonds into company shares. The conversion, totaling 52,255,293 shares between October 8, 2022, and March 31, 2025, reduced Western Mining Group's stake from 31.89% to 30.81% as of March 5, 2025. Western Mining Group holds 734,134,307 shares. The company emphasizes that this change does not affect the controlling shareholder status or trigger a mandatory takeover offer. The company also advises investors of potential uncertainty regarding future bond conversions. Western Mining Group issued the exchangeable bonds in 2022, with the bonds eligible for conversion from October 8, 2022.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601168Shanghai Stock Exchange
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