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Published on 9/17/2009 in the Prospect News Convertibles Daily.

Hon Kwok Land cuts conversion price on 3.5% convertibles due 2011 By Marisa Wong Milwaukee, Sept. 17 - Hon Kwok Land Investment Co., Ltd. said it has lowered the conversion price on its HK$280 million 3.5% convertible bonds due 2011 to HK$3.80 per share from HK$3.90 per share, effective Oct. 6. The adjustment is due to a dividend payment for the year ending March 31, 2009, which will be made on Oct. 6. Hon Kwok is a Hong Kong-based property investment company. Hon Kwok Land cuts conversion price on 3.5% convertibles due 2011

By Marisa Wong

Milwaukee, Sept. 17 - Hon Kwok Land Investment Co., Ltd. said it has lowered the conversion price on its HK$280 million 3.5% convertible bonds due 2011 to HK$3.80 per share from HK$3.90 per share, effective Oct. 6.

The adjustment is due to a dividend payment for the year ending March 31, 2009, which will be made on Oct. 6.

Hon Kwok is a Hong Kong-based property investment company.


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