Thursday, A-Power Energy Generation Systems Ltd. (APWR), a provider of distributed power generation or DG systems in China and a fast-growing manufacturer of wind turbines, said it has signed conversion agreements with the holders of its convertible notes issued on June 19, 2009.
Pursuant to the Conversion Agreements, the company and each of the noteholders have agreed, among other things, to convert the aggregate principal amount and accrued interest of $37,537,500 outstanding under the convertible notes, together with make-whole amounts, into an aggregate of 4,582,559 common shares of the company using a conversion price per share set at $10.212, which is 96% of the original conversion price of the convertible notes of $10.637.
The company said its common shares issuable upon conversion of the notes are freely tradable by the noteholders. Each of the noteholders has entered into a Confirmation Letter with the company confirming certain procedural and other aspects of the transaction.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.