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Published on 8/31/2007 in the Prospect News Convertibles Daily.

Hung Hing lowers conversion price of zero-coupon convertibles due 2012

By Devika Patel

Knoxville, Tenn., Aug. 31 - Hung Hing Printing Group Ltd. said it lowered the conversion price of its zero-coupon guaranteed convertible bonds due 2012 to HK$6.02 per share from HK$6.32 per share.

The change is due to a HK$0.20 per share dividend payment, which took effect Friday.

Hung Hing prints and makes paper, boxes and corrugated cardboard, and has plants in Heshan, China, and Zhongshan, China.


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