China’s Genertec Universal adjusts conversion price of convertibles due 2026

By Rebecca Melvin

Concord, N.H., June 10 – Genertec Universal Medical Group Co. Ltd. has cut the conversion price of its $150 million guaranteed convertible bonds due 2026, according to a notice.

The conversion price will be adjusted to HK$6.28 per share from HK$6.47 per share effective June 16 to reflect a dividend payment to shareholders of the underlying stock.

The health care company is based in Hong Kong.

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