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Hung Hing reduces conversion price of zero-coupon convertibles due 2012
By Devika Patel
Knoxville, Tenn., Jan. 7 - Hung Hing Printing Group Ltd. said it lowered the conversion price of its zero-coupon guaranteed convertible bonds due 2012 to HK$5.88 per share from HK$6.02 per share.
The change, which took effect Jan. 5, is due to a HK$0.075 per share dividend payment.
Hung Hing prints and makes paper, boxes and corrugated cardboard and has plants in Heshan, China, and Zhongshan, China.
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