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REXLot extends maturity date of 6% convertible bonds by five months
By Marisa Wong
Morgantown, W.Va., Sept. 15 – REXLot Holdings Ltd. said it extended the maturity date of its 6% convertible bonds to Feb. 28, 2017 from Sept. 28, 2016.
The company entered into a supplemental trust deed on Sept. 14 to amend the terms of the bonds.
The company had secured bondholders’ consents to amend the 6% bonds at a meeting held on Sept. 9, as previously announced.
As of Sept. 15, HK$307,884,734 principal amount remains outstanding.
Based in Hong Kong, REXLot provides machines and services to the Chinese lottery market.
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