Guotai Junan trims conversion price on A share convertibles

By Taylor Fox

New York, Aug. 4 – Guotai Junan Securities Co., Ltd. has lowered the conversion price of its A share convertible corporate bonds to RMB 19.01 per share from RMB 19.4 per share beginning Aug. 12, according to a company announcement.

The change is due to distribution of a cash dividend.

The shares conversion will be suspended on Aug. 4 until Aug. 12.

The investment bank is based in Shanghai.

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