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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 12/31/2010 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Hengdeli purchases RMB 3 million dollar-settled convertibles due 2012

By Marisa Wong

Madison, Wis., Dec. 30 - Hengdeli Holdings Ltd. said that it recently purchased RMB 3 million of its RMB 1.15 billion dollar-settled zero-coupon convertible bonds due 2012.

Following cancellation of the purchased bonds, RMB 44 million principal amount of the bonds remains outstanding.

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


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