Summary by Moomoo AI
On July 11, 2024, Zhejiang Hu-Hang-Yong Expressway Co., Ltd. (Zhejiang Hu-Hang-Yong) announced through its subsidiary, Zhejiang Securities, that it will suspend the conversion trading of "Zhe 22 Convertible Bonds" between July 17, 2024 and the record date. This is to implement the 2023 equity distribution plan, which was approved by the annual shareholders' meeting on June 25, 2024, and will distribute a cash dividend of RMB 1.40 per 10 shares to shareholders. Zhejiang Securities will adjust the conversion price during the suspension period and resume trading after the suspension. The announcement also mentioned that convertible bond holders who wish to enjoy the equity distribution must complete the conversion before July 16, 2024. The announcement was also published on the official website of Zhejiang Hu-Hang-Yong and the Shanghai Stock Exchange website.