Lonking buys back $15.58 million of its 0% convertible bonds due 2012

By Devika Patel

Knoxville, Tenn., June 24 - Lonking Holdings Ltd. said it repurchased $15.58 million of its $197.7 million in zero-coupon convertible bonds due 2012 in the over-the-counter market.

Lonking paid $1.055 for each of the bonds, for a total of $16.44 million on June 23.

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

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