Dynagreen Sees Minimal Bond Conversion as Most Convertible Issue Remains Outstanding
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Dynagreen Environmental Protection Group Co., Ltd. reported minimal conversion of its A-share convertible bonds in Q1 2026, with only 336 shares converted, totaling RMB3,000. Cumulatively, just RMB142,000 of the RMB2.36 billion issuance has been converted, indicating that 99.9940% of the bonds remain outstanding. This suggests bondholders prefer to hold the securities rather than convert them, reflecting unattractive market conditions. The latest analyst rating for Dynagreen (HK:1330) is a Hold with a price target of HK$5.50.
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