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Fu Ji lowers conversion price of zero-coupon convertibles due 2009
By Devika Patel
Knoxville, Tenn., Jan. 18 - Hong Kong's Fu Ji Food and Catering Services Holdings Ltd. said it lowered the conversion price of its $1 billion in zero-coupon convertible bonds due 2009 to HK$17.18 per share from HK$17.51 per share.
The change, which took effect Friday, is due to an interim dividend payment of HK$0.102 per share for the six months ended Sept. 30, 2006, a final dividend payment of HK$0.104 per share for the year ended March 31 and an interim dividend payment of HK$0.115 per share for the six months ended Sept. 30.
Fu Ji provides catering and restaurant services and convenience food products in China.
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