Xtep International Slashes Conversion Price of 1.8% Convertible Bonds

MT Newswires Live

2024/12/06

Xtep International (HKG:1368) reduced the conversion price of its 1.8% convertible bonds to HK$8.3446 per share from HK$9.1718, a Friday bourse filing said.

The reduction comes after the sports apparel maker declared a special dividend of HK$0.447 per share.

The hybrid securities, in the principal amount of HK$500 million, were issued in June 2021 to Asia-focused private equity firm Hillhouse Capital.

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