Chacha Food halts convertible bond conversion for dividend distribution

Chacha Food (SZSE: 002557) announced a suspension of conversions for its "Qia Qia Convertible Bonds" (128135) due to the upcoming 2024 Q3 dividend distribution. The suspension will run from January 8, 2025, until the record date for the dividend distribution. Trading of the bonds will continue as normal during this period. The conversion price will be adjusted to reflect the dividend distribution, as detailed in the bond's prospectus. Conversions will resume on the first trading day after the record date. The company advises bondholders to take note of these dates. The convertible bonds have a maturity date of October 19, 2026.