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Prospect News home > News index > List of issuers U > Headlines for United Laboratories International Holdings Ltd. > News item
Published on 11/14/2013 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

United Laboratories holders put back RMB 692.6 million convertibles

By Marisa Wong

Madison, Wis., Nov. 14 - United Laboratories International Holdings Ltd. said that holders of RMB 692.6 million of its convertible notes due 2016 exercised their put option on Thursday.

United Laboratories redeemed the put bonds at par plus accrued interest for a total of RMB 722,225,000.

Following the partial redemption, RMB 97.4 million principal amount of the bonds remains outstanding.

United Laboratories is a Hong Kong-based holding company for pharmaceutical businesses.


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