Agile Property cuts conversion price of 4% convertibles due 2016

By Marisa Wong

Madison, Wis., Sept. 4 - Agile Property Holdings Ltd. said that it lowered the conversion price of its $500 million 4% convertible bonds due 2016 to HK$16.991 per share from HK$17.26 per share.

The new conversion price becomes effective Sept. 7.

The price adjustment results from the declaration of a dividend.

Agile Property is a Hong Kong-based land development company.

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