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Prospect News home > News index > List of issuers S > Headlines for South Sea Petroleum Holdings Ltd. > News item
Published on 6/2/2010 in the Prospect News Convertibles Daily.

South Sea Petroleum lifts conversion price on 6% convertibles due 2015

By Marisa Wong

Milwaukee, June 2 - South Sea Petroleum Holdings Ltd. announced that the conversion price on its $100 million 6% convertible debentures due 2015 has been adjusted.

The conversion price has been adjusted to HK$3.875 from HK$0.0775.

The price adjustment is the result of a 1-for-50 share consolidation effective Wednesday.

South Sea Petroleum is a crude oil exploration company based in Hong Kong.


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