Hon Kwok Land buys back HK$192 million in 3.5% convertibles due 2011

By Devika Patel

Knoxville, Tenn., Oct. 2 - Hon Kwok Land Investment Co., Ltd. said it repurchased HK$192 million of its HK$280 million in 3.5% convertible bonds due 2011 on Sept. 30.

The company paid HK$10,000 per unit, for a total of HK$193.9 million.

After the repurchases, there will be HK$88 million of the convertible bonds remaining outstanding.

Based in Hong Kong, Hon Kwok invests in and develops real estate. The company either operates the properties it develops or sells them for profit.

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