Anllian Capital to adjust conversion price of €1 billion zero coupon bonds due 2025

By Taylor Fox

New York, Aug. 25 – Anllian Capital Ltd., a wholly owned subsidiary of ANTA Sports Products Ltd., plans to adjust the conversion price of its €1 billion zero coupon guaranteed convertible bonds due 2025, according to a news release.

As a result of the declaration of a dividend by the board on Aug. 25, the conversion price will be adjusted to HK$104.4 from HK$104.68 and will take effect on Sept. 10.

The board will pay an interim dividend of 21 cents per share for the six months ended June 30 to the shareholders whose names appear on the register of members of the company as of 4:30 a.m. ET Sept. 9.

The total number of the issued shares of the company is 2,703,017,000.

Following the adjustment, and assuming full conversion of the bonds, the bonds will be convertible into 82,821,839 conversion shares, representing approximately 3.06% of the issued share capital of the company and approximately 2.97% of the issued share capital of the company as enlarged by the issue of such conversion shares.

Anllian Capital is based in Hong Kong.

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