Sinomem to repurchase S$30 million in 0% convertibles due 2011

By Devika Patel

Knoxville, Tenn., Dec. 23 - Sinomem Technology Ltd. said it plans to repurchase S$30 million of its zero-coupon convertible bonds due 2011 on Dec. 24.

The bonds will be repurchased for S$27 million.

Sinomem is a Singapore-based maker of industrial membrane systems used in the pharmaceutical, chemical and water treatment industries. It said the proceeds of the deal will be used for product development and to expand its manufacturing.

© 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.