Guotai Junan lowers conversion price on A share convertibles

By William Gullotti

New York, Aug. 11 – Guotai Junan Securities Co., Ltd. has lowered the conversion price of its A share convertible corporate bonds to RMB 18.45 per share from RMB 19.01 per share beginning Aug. 20, according to a company announcement.

The change is due to a dividend distribution of RMB 5.6 per 10 shares.

The shares conversion of the convertible bonds will be suspended on Aug. 11 until Aug. 20.

The investment bank is based in Shanghai.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.