Summary by Moomoo AI
CITIC CHINA CORPORATION (“CITIC SHARES”) ANNOUNCED ON 1 APRIL 2024 THAT CITIC GOLD HOLDINGS HAS COMPLETED THE CONVERSION OF CITIC BANK A SHARE CONVERTIBLE DEBT HELD BY CITIC BANK ON 29 MARCH 2024. The conversion involved a total convertible debenture value of RMB263.88 billion, at a transfer price of RMB6.10 per share, converted into 4,325,901,639 shares of CITIC Bank A shares. Following the conversion, CITIC Corporation's holding of common shares in CITIC Bank increased from 32,284,227,773 shares to 36,610,129,412 shares and the shareholding ratio increased from 65.93% to 68.70%. This move further strengthens CITIC's shareholding position in CITIC Bank.