JS Corrugating Machinery adjusts convertible bond exchange price

JS Corrugating Machinery (SZSE:000821) announced that Jingshan Jingyuan Science and Technology Investment Co., Ltd., its controlling shareholder, will adjust the exchange price of its 2023 non-publicly issued exchangeable bonds due to the company’s upcoming equity distribution. Shareholders will receive a cash dividend of CNY 0.70 per 10 shares. Consequently, effective July 8, 2025, the exchange price for the "23 Jingyuan EB" bonds will be adjusted from CNY 16.91 per share to CNY 16.84 per share. The bonds, issued on October 24, 2023, have a total value of CNY 200 million with an initial exchange price of CNY 17.00 per share. The company has urged investors to be aware of uncertainties associated with bondholder exchange decisions.