Zijin Mining Adjusts Convertible Bond Conversion Price Following Dividend Approval

Zijin Mining Group Co ( (HK:2899) ) has shared an update.

Zijin Mining Group Co., Ltd. has announced an adjustment to the conversion price of its US$2 billion guaranteed convertible bonds due 2029, following the approval of a profit distribution plan. The conversion price will be adjusted from HK$19.84 to HK$19.38 per H Share, effective May 30, 2025, due to the implementation of a final dividend for 2024. This adjustment will result in an increase in the number of H Shares convertible and issuable under the bonds, reflecting the company’s commitment to enhancing shareholder returns and potentially impacting its market positioning.

The most recent analyst rating on (HK:2899) stock is a Buy with a HK$21.50 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 joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the mining industry. The company focuses on the production and sale of gold, copper, and other mineral resources, positioning itself as a significant player in the global mining sector.

Average Trading Volume: 69,366,976

Technical Sentiment Signal: Buy

Current Market Cap: HK$527.6B

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