Fong's Industries sweetens conversion price of 0% convertibles due 2011 to HK$7.34 per share

By Devika Patel

Knoxville, Tenn., May 28 - Fong's Industries Co. Ltd. announced that the conversion price of its zero-coupon convertible bonds due 2011 has been lowered to HK$7.34 per share from HK$7.62.

The adjustment, which takes effect May 28, is due to a final dividend and final special dividend payment of HK$0.15 per share for the financial year ended Dec. 31.

Fong's is a textile company based in Hong Kong.

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