Daqin Railway (601006.SH) announced that the company received a brief report on equity changes issued by China CITIC Financial Asset Management Co., Ltd....
According to the brief report on equity changes issued by China CITIC Financial Assets Management Co., Ltd. (referred to as "CITIC Financial Assets"), which was received by Daqin Railway (601006.SH), they hold 30.01 million convertible bonds of Daqin Railway and will convert them into 482 million shares of Daqin Railway A-share common stock at a conversion price of 6.22 yuan/share. After this debt-for-equity swap, CITIC Financial Assets will hold a total of 907 million shares of Daqin Railway A-share common stock, accounting for 5% of the total issued shares of Daqin Railway.