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Chow Tai Fook Jewellery Lowers Conversion Price of Bonds After Dividend Declaration

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Chow Tai Fook Jewellery (HKG:1929) reduced the conversion price of certain convertible bonds following the declaration of a final dividend for the year ended March 31.

The conversion price for the HK$8.8 billion 0.375% bonds maturing in 2030 was cut to HK$16.01 apiece from HK$16.66 per share, effective Aug. 8, according to a Wednesday Hong Kong bourse filing by the jewelry company.

Following adjustment, the maximum number of Hong Kong-listed shares on full conversion will be nearly 549.7 million shares.

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