Zhejiang Expressway adjusts conversion price of convertibles due 2026

Chicago, Dec. 7 – Zhejiang Expressway Co. Ltd. announced a change in the conversion price of the €230 million zero-coupon convertible bonds due 2026 in a notice.

The new conversion price will be HK$6.69 per H share instead of HK$7.30 per H share, as a result of a rights issue.

The company is putting forward a special resolution at an extraordinary general meeting of shareholders on Dec. 28 for approval to issue more H shares, due to the change in the conversion price.

Zhejiang is an infrastructure company based in Hangzhou, China.

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