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Prospect News home > News index > List of issuers S > Headlines for Shanghai Electric Group Co. Ltd. > News item
Published on 7/30/2019 in the Prospect News Convertibles Daily.

Shanghai Electric cuts conversion price on A share convertible bonds

By Sarah Lizee

Olympia, Wash., July 30 – Shanghai Electric Group Co. Ltd. announced it lowered the conversion price of its A share convertible bonds to RMB 5.13 per share from RMB 5.19 per share.

The adjustment, due to a cash dividend, will take effect on Aug. 8.

The Shanghai-based power generation and equipment manufacturing company issued RMB 6 billion of the six-year A share convertibles in January 2015.


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