YUHUA EDU (06169): The unconverted convertible bond principal amount will be approximately HK $914 million.

date
20/09/2024
avatar
GMT Eight
Yuhua Education (06169) announced that the redemption of principal amount as stated in the announcement dated January 20, 2023 has been completed...
YUHUA EDU (06169) announced that, from the date of the company's announcement on January 20, 2023 of completing the redemption of the principal amount of HK$500 million convertible bonds, until September 20, 2024, it has repurchased approximately HK$601.316 million convertible bonds in accordance with the terms and conditions of the convertible bonds, for a total cash consideration of approximately HK$324.711 million, representing a purchase price of approximately 54% of the face value of the convertible bonds. The repurchased bonds account for approximately 2.88% of the originally issued convertible bonds. After the repayment of the repurchased bonds, the remaining principal amount of the convertible bonds that have not been converted will be approximately HK$914 million.