SLAC shareholding diluted by convertible bond conversion

Suzhou SLAC Precision Equipment (SZSE:300382) announced that the shareholding of its controlling shareholder, Koleo Limited, has been diluted, triggering a disclosure requirement as it crossed a 5% integer threshold. The dilution occurred due to the conversion of the company's convertible bonds ("Slek Bonds," code 123067) into shares between March 5 and March 6, 2025. While Koleo's number of shares remains constant at 221,356,780, the total share capital increased from 638,820,982 to 639,889,220. As a result, Koleo's stake decreased from 35.02% to 34.96%. The company confirmed that the change does not impact the controlling shareholder or the actual controller of the company. SLAC previously announced its intention to redeem the outstanding convertible bonds after certain price triggers were met.