Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2008 > News item |
Lonking buys back another $2 million of its 0% convertibles
By Devika Patel
Knoxville, Tenn., Oct. 23 - Lonking Holdings Ltd. announced it has bought back another $2 million of its zero-coupon convertible bonds due 2012.
Lonking paid a price of 65.5 for a total of $1.31 million.
The company had previously bought back $6 million, paying 81 for the securities, for a total purchase price of $4.86 million. It bought $1 million of the bonds earlier this month for $790,000 and $3 million for $1.98 million on Oct. 20. Lonking bought back $3 million of the bonds for $1.91 million on Oct. 21 and $4 million in bonds on Oct. 22 for $2.6 million.
Hong Kong-based Lonking, formerly China Infrastructure Machinery Holdings Ltd., is a maker of wheel loaders and other infrastructure machinery.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.