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Anllian cuts conversion price of €1 billion 0% bonds due 2025
By William Gullotti
Buffalo, N.Y., Aug. 22 – Anllian Capital Ltd., a wholly owned subsidiary of ANTA Sports Products Ltd., will adjust the conversion price of its €1 billion zero-coupon guaranteed convertible bonds due 2025, according to a notice on Tuesday.
As a result of a dividend payment, the conversion price will be adjusted to HK$99.75 from HK$100.72 effective Sept. 6.
The board will pay an interim dividend of HK$0.82 per share to shareholders of record as of Sept. 5 for the six months ending June 30.
The total number of the issued shares of the company is 2,832,623,500.
Following the adjustment, and assuming full conversion of the bonds, the bonds will be convertible into 86,682,707 conversion shares, representing 3.06% of the issued share capital of the company and 2.97% of the issued shares as enlarged by the issue of such conversion shares.
Additionally, the company has made an application to list an additional 834,812 conversion shares that may be issued on exercise of the bonds’ conversion rights.
Anllian Capital is based in Hong Kong.
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