Tianrun Dairy suspends convertible bond conversion for equity distribution

Xinjiang Tianrun Dairy (SSE:600419) announced the suspension of convertible bond conversions for its "Tianrun Convertible Bonds" starting June 20, 2025, in anticipation of its 2024 equity distribution. The company's 2024 annual shareholder meeting approved a cash dividend of CNY 0.21 per 10 shares. The dividend will be based on 315,390,291 shares, after excluding repurchased shares, resulting in a total cash distribution of CNY 6,623,196.11. The suspension will last until the equity registration date, after which conversion will resume. The company will adjust the convertible bond's conversion price according to the terms outlined in the offering prospectus. Details of the distribution and adjusted conversion price will be released on June 23, 2025.