China Mengniu Dairy adjusts conversion price of 3.08% convertibles

By Mary-Katherine Stinson

Lexington, Ky., June 6 – China Mengniu Dairy Co. Ltd. adjusted the conversion price of its HK$4,862,600,000 of 3.08% convertible bonds due 2026 (ISIN: XS2407821201), according to an announcement.

The conversion price was adjusted to HK$33.84 per share from HK$34.33 per share.

The adjustment was made in response to a shareholder-approved final dividend of RMB 0.402 per share and will take effect June 13.

China Mengniu is a Hong Kong-based dairy company.

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