Summary by Futu AI
China Fusion China (SUNAC) announced that it will open a mandatory second conversion period for convertible bonds from 20 May to 31 May 2024 and increase the conversion limit to 100% of the initial issue amount. This move is in order to accept the mandatory conversion of all convertible notes submitted for conversion at an initial conversion price of HK$6.00 per share. In addition, the conversion period of the Convertible Notes has started on 20 November 2023 and will last until 20 November 2024 at an initial conversion price of HK$20.00 per share. Bondholders are required to submit the conversion notice and related documents through the custodian bank and conversion agent GLAS Trust Company LLC during the conversion period. Detailed conversion procedures can be queried to the conversion agent.