Hanung could issue $50 million of convertibles

By Susanna Moon

Chicago, July 20 - Hanung Toys & Textiles Ltd. notified the Bombay Stock Exchange that it could issue another $50 million in convertibles.

The company's board will discuss issuing the securities at a meeting on July 30.

Securities to be considered include convertible bonds, equity shares, American Depositary Receipts, Global Depositary Receipts and warrants.

Hanung manufactures and exports soft toys and home furnishings and is based in New Delhi, India.

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