Lenovo Group (HKG:0992) issued 45.6 million new shares under a partial conversion exercise for its 2.50% convertible bonds due 2029.
The Hong Kong-listed electronics company said Monday it converted and canceled $48.7 million of the bond at HK$8.37 per share.
As of the same day, the 2029 convertible bond has an outstanding amount of $117.4 million.
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