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REXLot holders convert HK$18.5 million of 6% convertibles due 2016
By Toni Weeks
San Luis Obispo, Calif., Jan. 7 - REXLot Holdings Ltd. said that holders of HK$18.5 million principal amount of its 6% convertible bonds due 2016 exercised their rights to convert the bonds into REXLot shares on Jan. 2.
Following the conversion, the remaining outstanding principal amount of the bonds is HK$947.3 million.
Based in Hong Kong, REXLot provides machines and services to the Chinese lottery market.
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