Brief: Hopson Development Announces Reset Of Conversion Price Of 8.00% Convertible Bonds Due 2023

Hopson Development Holdings

22/06/2022 02:48

June 22 (Reuters) - Hopson Development Holdings Ltd
 0754.HK :
    * RESET OF CONVERSION PRICE OF 8.00% CONVERTIBLE BONDS DUE
2023
    * CONVERSION PRICE IS ADJUSTED FROM HK$20.16 TO HK$15.42
WITH
EFFECT FROM 20 JUNE 2022 ACCORDING TO TERMS AND CONDITIONS OF
BONDS
    * AS AT DATE OF ANNOUNCEMENT, AGGREGATE PRINCIPAL AMOUNT OF
US$250
MILLION OF BONDS REMAINED OUTSTANDING

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