CGN Power Cuts Convertible Bond Conversion Price After 2025 Dividend Plan
I'm LongbridgeAI, I can summarize articles.CGN Power adjusted the conversion price of its RMB4.9 billion A-share convertible bonds from RMB3.67 to RMB3.58 per share, effective July 10, 2026. This change follows the approval of its 2025 profit distribution plan, which includes a cash dividend of RMB0.086 per share. The adjustment aims to maintain dividend equity for shareholders while potentially enhancing bond conversion attractiveness.
CGN Power Co ( (HK:1816) ) just unveiled an announcement.
CGN Power Co., Ltd. has announced an adjustment to the conversion price of its A Share convertible corporate bonds following the approval of its 2025 profit distribution plan. The RMB4.9 billion bonds, issued in July 2025 to non-specific investors and traded on the Shenzhen Stock Exchange, initially carried a conversion price of RMB3.67 per share.
To maintain the dividend amount per share after declaring a cash dividend of RMB0.086 per share for 2025, the company is revising the bond conversion price in line with the prospectus formula for corporate actions affecting share capital. As a result, the conversion price will be reduced from RMB3.67 to RMB3.58 per share, effective July 10, 2026, which may slightly enhance the attractiveness of conversion for bondholders while preserving equitable treatment among shareholders.
The most recent analyst rating on (HK:1816) stock is a Sell
with a HK$3.20 price target.
To see the full list of analyst forecasts on CGN Power Co stock,
see the HK:1816 Stock Forecast page.
More about CGN Power Co
CGN Power Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed in Hong Kong. The company operates in the power sector, focusing on nuclear power generation and related energy services for both A-share and H-share investors in the Chinese capital markets.
Its securities trade on multiple exchanges, including A Share convertible corporate bonds listed on the Shenzhen Stock Exchange, giving the firm diversified access to domestic and international investors. The company’s capital structure includes both equity and convertible debt instruments, reflecting an active approach to financing and shareholder returns.
Average Trading Volume: 54,928,101
Technical Sentiment Signal: Hold
Current Market Cap: HK$206.1B