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silkwave inc (00471.HK): Adjusting the conversion price of convertible bonds.
Grace Particle on October 10th, Silkwave Inc (00471.HK) announced that, according to the terms and conditions of the convertible bonds, the conversion price must be adjusted due to the stock consolidation. The conversion price of the convertible bonds will be adjusted after the stock consolidation takes effect. Hereby notify that, according to the terms and conditions of the convertible bonds, the conversion price will be adjusted due to the stock consolidation. The conversion price (currently 0.35 Hong Kong dollars per existing share) will be adjusted to 7.00 Hong Kong dollars per consolidated share, effective from October 10, 2024. Referring to the convertible bonds, the total outstanding principal amount of 12,000,000 US dollars as of the announcement date, in accordance with the principle
Silkwave Inc Announces Convertible Notes Adjustment
The merger of Silkwave Inc (00471.HK) shares will take effect on October 10th.
Grace Glory announced on October 9th that all conditions of the capital restructuring as stated in the circular, including the approval of the ordinary resolution for the merger of shares by the shareholders at the special general meeting, have been met, and the share merger will take effect on October 10, 2024.
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