Ping An Insurance to cut conversion price of A share convertibles

By Marisa Wong

Madison, Wis., Sept. 4 – Ping An Insurance (Group) Co. of China, Ltd. said it will lower the conversion price of its A share convertible bonds due 2019 to RMB 40.63 per share from RMB 40.88 per share, effective Sept. 12.

The price adjustment was triggered by a distribution of cash dividends.

Ping An is a Shenzhen, China-based holding company whose subsidiaries specialize in insurance and financial services.

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