Summary by Futu AI
Ping An Insurance announced on August 22, 2024 that it will distribute the interim dividend for the half-year ending June 30, 2024, to shareholders, with a cash dividend of RMB 0.93 per share (including tax). H-share shareholders have the option to receive the dividend in RMB or HKD, and the interim dividend currency election form will be provided on September 12, 2024. Share transfer registration procedures will be suspended from September 5 to 11, 2024, to determine the shareholder list. In addition, the company will adjust the conversion price of the $3,500,000,000 0.875% convertible bonds due in 2029 from HKD 43.71 per H share to HKD 42.61 per H share, and the adjustment will take effect on September 12, 2024. The company has obtained a general mandate to issue sufficient H shares to cover the additional shares for conversion, and will apply to the Stock Exchange of Hong Kong for the listing of the additional shares for conversion.