Forefront Group adjusts conversion price on outstanding convertibles

By Marisa Wong

Milwaukee, Feb. 10 - Forefront Group Ltd. gave notice that the conversion price of its outstanding convertible bonds has been adjusted as a result of a rights issue.

The conversion price has been lowered to HK$0.339 from HK$0.55, effective Feb. 10.

Forefront plans to issue 1,098,461,165 rights shares at a subscription price of HK$0.28.

Forefront is a Hong Kong-based distributor of heavy commercial vehicles and related repair and maintenance services.

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