Zijin Mining Lowers Convertible Bond Conversion Price After Dividend Payout
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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.
