Kaisa Group trims conversion price of 10.5% convertibles due 2021

By Marisa Wong

Los Angeles, June 29 – Kaisa Group Holdings Ltd. announced an adjustment to the conversion price of its $100 million 10.5% convertible bonds due 2021.

The conversion price was decreased to HK$4.66 per share from HK$4.82 per share. The adjustment takes effect June 30.

The change is due to payment of a final dividend of HK$0.10 cents per share approved by shareholders on June 15.

Kaisa Group is a Shenzhen, China-based property development company.

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