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Lonking repurchases $12 million of its 0% convertible bonds due 2012
By Devika Patel
Knoxville, Tenn., June 11 - Lonking Holdings Ltd. said it bought back $12 million of its $197.7 million in zero-coupon convertible bonds due 2012 in the over-the-counter market.
Lonking paid $1.06 for each of the bonds, for a total of $12.72 million on June 11.
Lonking, formerly China Infrastructure Machinery Holdings Ltd., is a maker of wheel loaders and other infrastructure machinery based in Hong Kong.
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