FilingReader Intelligence

New Hope Dairy shareholder equity change exceeds 1% increment

June 10, 2025 at 05:01 AM UTCBy FilingReader AI

New Hope Dairy (SZSE:002946) announced that New Hope Investment Group, a shareholder, saw its stake adjusted due to the conversion of "23 New Milk EB" exchangeable bonds. The conversions occurred between May 21 and June 6, 2025, resulting in 10,231,195 shares being issued, representing 1.19% of the company's total share capital. Consequently, the combined shareholding of New Hope Investment Group and its parties acting in concert decreased from 77.95% to 76.76%. The "23 New Milk EB" bonds, issued in November 2023 for a total of CNY 500 million, have been convertible since May 14, 2024, and will continue to be until November 9, 2026. The company clarified that these conversions do not trigger a mandatory tender offer or impact company control.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:002946Shenzhen Stock Exchange
Dairy

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