Champion Path holders convert total of HK$1.85 billion of 0% bonds

By Marisa Wong

Madison, Wis., March 4 - Champion Path Holdings Ltd. announced the conversion of a total of HK$1,849,500,000 of its HK$2 billion of zero-coupon guaranteed convertible bonds due 2015 as of Feb. 28.

Holders have been allotted shares of parent company SJM Holdings Ltd., the guarantor of the bonds, at a conversion price of HK$5.24.

As of Feb. 28, HK$150.5 million principal amount of the convertible bonds remains outstanding.

SJM operates casino properties in Macau.

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