New Hope Dairy: Shareholder equity change exceeds 1% threshold
New Hope Dairy (SZSE:002946) announced that New Hope Investment Group's exchangeable bond conversion activity resulted in its stake, along with its concerted parties, decreasing by more than 1%. From April 18, 2025, to May 20, 2025, bondholders converted 8,576,576 shares, representing 1.00% of the company's total share capital. Consequently, New Hope Investment Group's holdings, together with its parties acting in concert, fell from 78.94% to 77.95%. The exchange stems from the "23 Xinru EB" exchangeable bonds (SZSE:117213) issued in 2023 with an issuance size of CNY500 million. The company noted that this change doesn't trigger a change in control or impact corporate governance. The bonds are still in their exchange period and the company will continue to monitor conversion activity and disclose relevant information.
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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