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Prospect News home > News index > List of issuers H > Headlines for Hiap Teck Venture Bhd. > News item
Published on 3/20/2012 in the Prospect News Convertibles Daily.

Malaysia's Hiap Teck sets conversion price for secured convertibles

By Marisa Wong

Madison, Wis., March 20 - Hiap Teck Venture Bhd. has fixed the conversion price for its RM 180 million seven-year redeemable convertible secured bonds at RM 0.70, according an announcement by Hong Leong Investment Bank Bhd.

The conversion price represents a 15.34% premium over the RM 0.6069 volume weighted average market price of Hiap Teck stock for the five trading days ended March 19.

Hiap Teck is a Klang, Malaysia-based steel company.


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