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

By Rebecca Melvin

Concord, N.H., May 7 – 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 Thursday, the conversion price will be adjusted to HK$104.05 from HK$104.40 effective on May 13.

The board will pay an interim dividend of 47 cents per share for the year ended Dec. 31 to the shareholders whose names appear on the register of members of the company as of 4:30 p.m. ET on May 11.

The total number of the issued shares of the company is 2,703,329,000.

Following the adjustment, and assuming full conversion of the bonds, the bonds will be convertible into 83,100,432 conversion shares, representing approximately 3.07% of the issued share capital of the company and approximately 2.98% 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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