Lonking repurchases $5 million of its convertibles due 2012

By Devika Patel

Knoxville, Tenn., March 25 - Lonking Holdings Ltd. said it bought back $5 million of its $209.6 million of zero-coupon convertible bonds due 2012 in the over-the-counter market.

Lonking paid 92.5 for the bonds, for a total of $4.63 million on March 25.

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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