Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for China Hongqiao Group Ltd. > News item |
China Hongqiao cuts conversion price of 6.5% convertibles due 2017
By Marisa Wong
Madison, Wis., May 23 - China Hongqiao Group Ltd. said it adjusted the conversion price of its $150 million 6.5% convertible bonds due 2017.
The conversion price was lowered to HK$6.81 per share from HK$7.27 per share, effective May 24.
The adjustment is due to the declaration of a final dividend for the year ended Dec. 31.
China Hongqiao is an aluminum products manufacturer based in Zouping County, Shandong, China.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.