---
title: "ZBD: The conversion price of the convertible bonds held by the controlling shareholder will be adjusted from RMB 13.35 per share to RMB 12.35 per share"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253763185.md"
description: "Heilongjiang ZBD Pharmaceutical Co., Ltd.'s controlling shareholder Heilongjiang Chuangda Group Co., Ltd. announced that the conversion price of the first phase of the convertible bonds \"23 Chuang 01EB\" will be adjusted from RMB 13.35 per share to RMB 12.35 per share. This adjustment aims to protect the interests of the holders and has been approved by the board of directors and the bondholders' meeting. The adjustment will take effect on August 27"
datetime: "2025-08-20T08:14:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253763185.md)
  - [en](https://longbridge.com/en/news/253763185.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253763185.md)
generator: "portal-rs"
---

# ZBD: The conversion price of the convertible bonds held by the controlling shareholder will be adjusted from RMB 13.35 per share to RMB 12.35 per share

Recently, Heilongjiang Zhenbao Island Pharmaceutical Co., Ltd. received a notice from its controlling shareholder Heilongjiang Chuangda Group Co., Ltd. that the conversion price of its first phase convertible bond "23 Chuang 01EB" in 2023 will be adjusted. This bond was issued on April 11, 2023, with a scale of 910 million yuan and a term of 3 years. To protect the interests of the bondholders, Chuangda Group decided to lower the conversion price. On August 11, the board of directors approved the adjustment, and on the 20th, the bondholders' meeting agreed to the change, with the conversion price being revised from 13.35 yuan/share to 12.35 yuan/share, effective August 27. After the adjustment, the pledged special account's preparatory stocks still meet the conversion demand

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**