CGN Power: Exchange price adjustment for convertible bonds
CGN Power (SZSE:003816) announced that Guangdong Hengjian Investment Holding Co., Ltd., a shareholder holding more than 5% of the company's shares, will adjust the exchange price of its non-publicly issued exchangeable corporate bonds. The adjustment is due to CGN Power's planned distribution of a cash dividend of CNY 0.95 (including tax) per 10 shares to all shareholders on July 3, 2025. Consequently, the exchange price will be adjusted from CNY 4.16 per share to CNY 4.07 per share. The bonds, referred to as "24 恒健EB" (117221.SZ), were issued on April 25, 2024, with a total issuance size of CNY 2 billion, a term of 3 years, and a coupon rate of 0.01%. The exchange period runs from October 28, 2024, to April 23, 2027. The company cautions that the number of shares held by Hengjian Investment may decrease due to bondholders choosing to exercise their exchange rights and that the decision to convert, as well as the actual conversion quantity, is uncertain.
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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