Kangtai Bio lowers convertible bond conversion price

Shenzhen Kangtai Biological Products (SZSE:300601) has adjusted the conversion price of its "Kangtai Trans. 2" convertible bonds (SZSE:123119) from CNY 15.82 per share to CNY 15.73 per share, effective June 6, 2025. This adjustment stems from the implementation of the company's 2024 annual equity distribution plan, approved on May 20, 2025, which involves a cash dividend of CNY 0.90 per 10 shares. The company initially issued 20 million of these convertible bonds on July 15, 2021. The adjustment adheres to the terms outlined in the company's convertible bond prospectus, accounting for the cash dividend distribution.