ANTA Sports Products trims conversion price of bonds due 2025

By Mary-Katherine Stinson

Lexington, Ky., Aug. 22 – Anllian Capital Ltd., a wholly owned subsidiary of ANTA Sports Products Ltd., lowered the conversion price of its €1 billion 0% convertible bonds due 2025, according to a notice.

The conversion price will be lowered to HK$99.75 from HK$100.72 effective Sept. 6.

The adjustment is due to an interim dividend payment of HK$0.82 per share that will be paid to shareholders of record as of Sept. 5.

As of Aug. 22, the total number of 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 shares, representing approximately 3.06% of the issued shares and approximately 2.97% of the issued shares as enlarged by the share issuance.

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

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