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TCL Communication decreases conversion price of 0% convertibles
By Devika Patel
Knoxville, Tenn., April 2 - TCL Communication Technology Holdings Ltd. said it lowered the conversion price on its $45 million in zero-coupon convertible bonds due 2012 to HK$1.84 per share from HK$3.20 per share, effective April 2.
TCL Communication is based in Shenzhen, China, and designs and manufactures mobile handsets.
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