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Lonking repurchases $15.73 million more convertibles due 2012
New York, Nov. 12 - Lonking Holdings Ltd. said it repurchased another $15.73 million of its zero-coupon convertible bonds due 2012.
Lonking paid prices ranging from 74 to 79 for the bonds, for a total of $12.2467 million.
The company previously bought back $6 million of the convertibles on Oct. 2, paying 81, $1 million on Oct. 3 at 79 and $3 million for 66 on Oct. 20.
Lonking bought back $3 million of the bonds for 63.5 on Oct. 21 and $4 million on Oct. 22 for 65. It bought back $2 million on Oct. 23 for 65.5 and $4 million on Oct. 24 for 65.5. It bought $5 million on Oct. 27 for 65.5 and $2.5 million on Oct. 31 for 67.
Hong Kong-based Lonking, formerly China Infrastructure Machinery Holdings Ltd., is a maker of wheel loaders and other infrastructure machinery.
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