Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to Yankuang Energy Group Co. Ltd. (Yankuang Energy) structured products, futures and options to account for Yankuang Energy’s bonus shares and special dividend issuance.
Corporate action overview
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Company (Stock Code)
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Yankuang Energy Group Co. Ltd.
(01171)
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Corporate Action
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Issue 5 bonus shares for every 10 shares and
a special dividend of RMB12.3 per 10 shares
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Ex-date
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To be announced by Yankuang Energy
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Please refer to the announcement made by Yangkuang Energy on 24 March for details.
https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0324/2023032400891.pdf
Investors should consult their brokers for further details, or if they have any questions regarding the adjustment.
Structured products with shares of Yankuang Energy as underlying asset
The listing documents of all existing structured products with the shares of Yankuang Energy Group Co. Ltd. as underlying asset contain provisions that deal with a bonus issue and a cash distribution including a special dividend. Structured product issuers will make announcements in the evening of a business day immediately prior to the Ex-date regarding the relevant adjustments (including the adjusted entitlement, adjusted exercise price) and investors should read the contents of such announcements.
Adjustments of Yankuang Energy Futures and Options
For detailed trading, clearing and settlement arrangements of Yankuang Energy Futures and Optionsafter adjustments, please refer to the circular posted on HKEX website.
Investors should note that the adjusted and standard stock futures and options will have different contract sizes. There will not be any changes to the number of open positions and other contract terms after the transfer of positions.
Ends