Lonking repurchases $3 million more of its convertibles due 2012

By Devika Patel

Knoxville, Tenn., Nov. 3 - Lonking Holdings Ltd. said it repurchased another $3 million of its zero-coupon convertible bonds due 2012.

Lonking paid 68 for the bonds, for a total of $2.04 million.

The company had previously bought back $6 million, paying 81 for the securities, for a total purchase price of $4.86 million. It bought $1 million of the bonds earlier this month for $790,000 and $3 million for $1.98 million on Oct. 20.

Lonking bought back $3 million of the bonds for $1.91 million on Oct. 21 and $4 million in bonds on Oct. 22 for $2.6 million. It bought back $2 million of the notes on Oct. 23 for $1.31 million and $4 million of the notes on Oct. 24 for $2.62 million. It bought $5 million of the bonds on Oct. 27 for $3.28 million.

The company paid $1.68 million for $2.5 million in notes on Oct. 31.

Hong Kong-based Lonking, formerly China Infrastructure Machinery Holdings Ltd., is a maker of wheel loaders and other infrastructure machinery.

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