Anta Sports unit adjusts conversion price of 0% bonds due 2025

By Sarah Lizee

Olympia, Wash., May 11 – Anta Sports Products Ltd. subsidiary Anllian Capital Ltd. announced an adjustment to the conversion price of its €1 billion of 0% convertible bonds due 2025.

The conversion price will be adjusted to HK$104.68 from HK$105.28 on May 16.

The adjustment is a result of the approval of a dividend by shareholders in the annual general meeting of the company held on May 11.

As of Monday, the total number of issued shares of the company is 2,702,028,000. Following the adjustment and assuming full conversion of the bonds, the bonds will be convertible into 82,600,306 conversion shares, representing about 3.06% of the issued share capital of the company as of Monday and about 2.97% of the issued share capital of the company as enlarged by the issue of the conversion shares.

Anta Sports is a Xiamen, China-based manufacturing company.

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