Haier Smart Home adjusts conversion price on HK$8 billion convertibles

By Taylor Fox

New York, Jan. 11 – Haier Smart Home Co., Ltd., Haier Shareholdings (Hong Kong) Ltd. and Flourishing Reach Ltd. announced an adjustment to the conversion price of their HK$8 billion zero coupon guaranteed convertible bonds due 2022 (ISIN: XS1716796641) into ordinary H shares of Haier, according to an announcement.

The conversion prices per share, effective Jan. 12, will be HK$18.8369.

Hong Kong-based Haier makes and sells washing machines and water heaters.

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