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REXLot cuts conversion prices of 6% bonds due 2016, 4.5% bonds due 2019
By Tali Rackner
Norfolk, Va., June 19 – REXLot Holdings Ltd. said it lowered the conversion prices of its 6% convertible bonds due 2016 and 4.5% convertible bonds due 2019, effective Friday.
The conversion price for the 2016 bonds was lowered to HK$0.56 per share from HK$0.57 per share, and the conversion price for the 2019 bonds was lowered to HK$1.37 per share from HK$1.39 per share, according to a press release.
The adjustments were triggered by a final dividend for the year ended Dec. 31.
Based in Hong Kong, REXLot provides machines and services to the Chinese lottery market.
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