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Prospect News home > News index > List of issuers S > Headlines for Shanghai Electric Group Co. Ltd. > News item
Published on 11/28/2016 in the Prospect News Convertibles Daily.

Shanghai Electric trims conversion price on A share convertible bonds

By Marisa Wong

Morgantown, W.Va., Nov. 28 – Shanghai Electric Group Co. Ltd. announced it lowered the conversion price of its A share convertible bonds to RMB 10.65 per share from RMB 10.66 per share, effective Nov. 28.

The adjustment is due to the issuance of new A shares.

Shanghai Electric issued RMB 6 billion of the six-year A share convertibles in January 2015.

The power generation and equipment manufacturing company is based in Shanghai.


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