Changshu Bank adjusts convertible bond price after dividend
Jiangsu Changshu Rural Commercial Bank (SSE:601128) has announced the implementation of its 2024 annual equity distribution, leading to an adjustment in the conversion price of its "Chang Yin Convertible Bonds" (SSE:113062). Shareholders will receive a cash dividend of CNY0.25 per share. Additionally, the bank will increase share capital by transferring capital reserves, issuing 0.1 new shares for every existing share. Consequently, the conversion price for the convertible bonds will be adjusted from CNY6.89 to CNY6.04 per share, effective June 5, 2025. Trading of the bonds will be suspended on June 4, 2025, to accommodate the changes. The total dividend payout will amount to CNY753,746,613.5.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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