[Zhen Ding-KY] Announcement Regarding Adjustment of Conversion Price for the 5th Overseas Unsecured Convertible Bonds
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AI Summary (NQ-processed)
Zhen Ding Technology Holding Limited (Zhen Ding-KY) announced an adjustment to the conversion price of its 5th Overseas Unsecured Convertible Bonds due to the distribution of cash dividends. Effective June 8, 115, the conversion price will change from 186.45 TWD to 185.03 TWD per common share.
AI Analysis
Frequently Asked Questions
- Q: Why is the conversion price adjusted?
- A: To protect the interests of convertible bondholders from the dilutive effect of cash dividend payments.
- Q: When does this change take effect?
- A: It takes effect from the ex-dividend date, June 8, 115.
- Q: What is the new conversion price?
- A: The price has been adjusted from 186.45 TWD to 185.03 TWD per share.