Sound Global cuts conversion price of 6% convertible bonds due 2015

By Marisa Wong

Madison, Wis., July 25 - Sound Global Ltd. said that it adjusted the conversion price of its RMB 885 million 6% convertible bonds due 2015.

The price was lowered to S$0.910 from S$0.924, effective retroactively to May 27.

The price adjustment is due to payment of a final dividend for the year ended Dec. 31, 2010, which was paid on May 27.

Sound Global provides water and wastewater treatment solutions and has offices in Beijing and Singapore.

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