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WuXi AppTec further cuts conversion price for zero-coupon bonds due 2024
By William Gullotti
Buffalo, N.Y., June 7 – WuXi AppTec Co., Ltd. announced an adjustment to the conversion price of its $209.9 million outstanding zero-coupon convertible bonds due 2024 in a press release.
The conversion price will be adjusted to HK$66.17 per H share from HK$79.85 per H share.
The adjustment is the result of the approval of the payment of profit distribution and the capitalization of reserve by the shareholders at the 2020 annual general meeting.
The adjustment will become effective on June 8.
The medical device company is based in Wuxi, China.
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