🔴 Lenovo Group is trading 11.25% down today after convertible bonds converted into new shares

Lenovo Group is trading at HK$28.72, down -11.25%, after US$48.711 million of its 2029 convertible bonds converted into new shares.

• The conversion produced 45.6178 million shares, approximately 0.36% of issued shares.
• The bonds converted at an adjusted HK$8.37 conversion price and were cancelled. The conversion period ended September 7, 2026, ahead of Lenovo’s planned September 16 redemption date.