---
title: "Zijin Mining Lowers Convertible Bond Conversion Price After Dividend Payout"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289578193.md"
description: "Zijin Mining Group adjusted the conversion price of its US$1.5 billion convertible bonds from HK$63.30 to HK$62.65 per H share, effective June 17, 2026. This change follows the approval of a RMB3.8 per 10 shares cash dividend for 2025, which triggered an automatic adjustment clause. The lower threshold slightly increases potential dilution while other bond terms remain unchanged."
datetime: "2026-06-12T09:47:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289578193.md)
  - [en](https://longbridge.com/en/news/289578193.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289578193.md)
---

# Zijin Mining Lowers Convertible Bond Conversion Price After Dividend Payout

The latest announcement is out from Zijin Mining Group Co ( (HK:2899) ).

Zijin Mining Group has adjusted the conversion price of its US$1.5 billion zero-coupon guaranteed convertible bonds due 2031 following the approval of a 2025 profit distribution plan. The final cash dividend of RMB3.8 per 10 shares will be paid to all shareholders, triggering an automatic adjustment under the bond terms.

As a result, the bond conversion price will be reduced from HK$63.30 to HK$62.65 per H share effective 17 June 2026, the day after the dividend record date. This lowers the conversion threshold and slightly increases the maximum number of H shares issuable upon full conversion, marginally diluting existing shareholders while maintaining all other bond terms unchanged.

The most recent analyst rating on (HK:2899) stock is a Buy  
with a HK$55.00 price target.  
To see the full list of analyst forecasts on Zijin Mining Group Co stock,  
see the HK:2899 Stock Forecast page.

**More about Zijin Mining Group Co**

Zijin Mining Group Co., Ltd. is a major Chinese mining company focused on the exploration, mining and processing of mineral resources, including gold, copper and other non-ferrous metals. Listed in Hong Kong, it issues both A shares and H shares and uses international capital markets, including convertible bond offerings, to support its expansion and financing needs.

**Average Trading Volume:** 66,480,772

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$822.3B

For a thorough assessment of 2899 stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [02899.HK](https://longbridge.com/en/quote/02899.HK.md)
- [601899.CN](https://longbridge.com/en/quote/601899.CN.md)

## Related News & Research

- [Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares](https://longbridge.com/en/news/285839913.md)
- [Zijin Mining Sets 2026–2028 Dividend Framework With 35% Payout Target](https://longbridge.com/en/news/283521871.md)
- [Hong Kong Stocks Extend Rally](https://longbridge.com/en/news/273924458.md)
- [International IPO Weekly Winners & Losers](https://longbridge.com/en/news/273616346.md)
- [Zijin Mining Group Co (ZIJMF): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/280430253.md)