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Park24 again cuts conversion price of 0% convertible bonds due 2026
By Susanna Moon
Chicago, Jan. 30 - Park24 Co., Ltd. said it again lowered the conversion price of its ¥15 billion of zero-coupon convertible bonds due 2026.
The conversion price is now ¥2,496, down from ¥2,506.8, according to a company press release.
The adjustment is due to a dividend payment of ¥40 per share that was approved at a shareholders meeting on Wednesday.
On Jan. 29, 2013, the company said it adjusted the price to ¥2,506.8 from ¥2,522.2 after a dividend payment of ¥35 per share approved at a shareholders meeting.
Park24 is a Tokyo-based installer of parking equipment and provider of automated parking services.
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