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Haitong cuts conversion price of 1.25% convertible bonds due 2018
By Marisa Wong
Madison, Wis., Sept. 13 - Haitong International Securities Group Ltd. said it will lower the conversion price of its HK$776 million 1.25% convertible bonds due 2018 to HK$3.91 per share from HK$4.00 per share.
The adjustment is due to an interim dividend of HK$0.08 per share declared on Aug. 21. The new conversion price will become effective from Sept. 14.
The financial services company is based in Hong Kong.
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