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Agile Property corrects conversion price for 4% convertibles due 2016
By Marisa Wong
Madison, Wis., May 30 - Agile Property Holdings Ltd. corrected the adjusted conversion price of its $500 million 4% convertible bonds due 2016. The new conversion price should be HK$17.260 per share, according to a company announcement.
The company previously said that it lowered the conversion price to HK$17.416 per share from HK$17.839 per share.
The effective date of the price adjustment is still May 18.
As noted before, the adjustment follows from approval of a dividend payment.
Agile Property is a Hong Kong-based land development company.
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