Lonking buys back another $1 million of convertibles

By Jennifer Chiou

New York, Oct. 3 - Lonking Holdings Ltd. repurchased $1 million more of its zero-coupon convertible bonds due 2012 on Friday.

Lonking paid a price of 79 for a total of $790,000.

The company bought back $6 million of the bonds on Thursday, paying 81 for the securities, for a total purchase price of $4.86 million.

Lonking, formerly China Infrastructure Machinery Holdings Ltd., is a maker of wheel loaders and other infrastructure machinery based in Hong Kong.

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