New Smart Energy lifts conversion price of HK$1.05 billion notes

By Marisa Wong

Madison, Wis., Sept. 16 - New Smart Energy Group Ltd. said it adjusted the conversion price of its HK$1.05 billion of outstanding convertible notes.

The conversion price was increased to HK$1.52 from HK$0.76 per share, effective Sept. 16.

The price adjustment was the result of a share consolidation approved on Sept. 16.

Based in Admiralty, Hong Kong, New Smart Energy engages in the exploitation and exploration of coal bed methane gas in Hong Kong and mainland China.

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