REXLot to cut conversion price of 6% convertible bonds due 2016

By Marisa Wong

Madison, Wis., April 30 - REXLot Holdings Ltd. said it will lower the conversion price of its 6% convertible bonds due 2016 to HK$0.61 per share from HK$0.6175 per share, effective June 19.

The price adjustment was triggered by a final dividend for the year ended Dec. 31. The final dividend will be paid on July 31.

Based in Hong Kong, REXLot provides machines and services to the Chinese lottery market.

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