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Prospect News home > News index > List of issuers S > Headlines for Shanghai Electric Group Co. Ltd. > News item
Published on 6/24/2015 in the Prospect News Convertibles Daily.

Shanghai Electric cuts conversion price on A share convertible bonds

By Marisa Wong

Madison, Wis., June 24 – Shanghai Electric Group Co. Ltd. announced it will lower the conversion price of its A share convertible bonds to RMB 10.66 per share from RMB 10.72 per share, effective July 2.

The adjustment is due to distribution of the final dividend for 2014.

Shanghai Electric issued RMB 6 billion of the six-year A share convertibles in January.

The power generation and equipment manufacturing company is based in Shanghai.


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