Hong Kong's Xinyu Hengdeli buys back RMB 175 million 0% convertibles

By Susanna Moon

Chicago, July 7 - Xinyu Hengdeli Holdings Ltd. said it redeemed RMB 175 million principal amount of its zero-coupon convertible bonds due 2012.

Xinyu said it purchase the bonds by way of market acquisition. Following the redemption, there is RMB 975 million of the bonds outstanding.

The company issued RMB 1.15 billion of the convertibles on Aug. 24.

Xinyu Hengdeli is a Hong Kong-based watch retailer and wholesaler.

© 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.