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Prospect News home > News index > List of issuers C > Headlines for China Properties Investment Holdings Ltd. > News item
Published on 5/3/2011 in the Prospect News Convertibles Daily.

China Properties lowers conversion price of convertibles to HK$0.83

By Marisa Wong

Madison, Wis., May 3 - China Properties Investment Holdings Ltd. announced it adjusted the conversion price of its outstanding convertible bonds to HK$0.83 per share from HK$4.25 per share.

The price adjustment is the result of a rights issue.

Hong Kong-based China Properties is an investment holding company with interests in commercial properties located in Shanghai.


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