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Fong's trims conversion price for 0% convertibles to HK$7.62 per share
By Devika Patel
Knoxville, Tenn., Oct. 26 - Fong's Industries Co. Ltd. announced that the conversion price of its zero-coupon convertible bonds due 2011 has been lowered to HK$7.62 per share from HK$7.81.
The adjustment was a result of an interim dividend and interim special dividend payment of HK$0.12 per share for the financial year ending Dec. 31.
The new price became effective Oct. 26.
Fong's is a textile company based in Hong Kong.
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