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Shui On Land cuts conversion price of dollar-settled 4.5% convertibles
By Marisa Wong
Madison, Wis., Oct. 10 - Shui On Land Ltd. announced it lowered the conversion price of its RMB 2.72 billion dollar-settled 4.5% convertible bonds due 2015 to HK$4.47 per share from HK$4.53 per share, effective Oct. 11.
The price adjustment is due to an interim dividend payment for the six months ended June 30.
Shui On Land is a Hong Kong-based property development company.
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