FilingReader Intelligence
Kibing Group plans to lower convertible bond conversion price
June 27, 2025 at 09:24 AM UTC•By FilingReader AI
Zhuzhou Kibing Group (SSE:601636) announced its board of directors has proposed lowering the conversion price of its "Kibing Convertible Bonds." This decision was triggered because, between May 27, 2025, and June 18, 2025, the company's stock price closed below 85% of the current conversion price for 15 out of 16 consecutive trading days, meeting the condition for a downward revision as per the bond's terms.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:601636•Shanghai Stock Exchange
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