Summary by Moomoo AI
Beep Mile Corporation repurchased on April 1, 2024 at a total exchange price of US$429,331,000, 1.375% convertible preferred notes maturing in April 2026, which were originally convertible into 17,346,697 shares of U.S. depositary shares at an initial conversion rate. The repurchase was carried out in accordance with the requirements of the Securities Listing Rules of the Hong Kong Stock Exchange Limited and the Company did not repurchase the actual US Depository after the repurchase. The total outstanding principal amount of Notes repurchased as of February 29, 2024 is $429,343,000. According to the regulations, the company has completed all necessary legal procedures and document archives, and confirmed the completion of all transactions and receipt of funds.