Landsea Green adjusts conversion price on perpetual convertibles

By Marisa Wong

Morgantown, W.Va., June 19 – Landsea Green Properties Co., Ltd. said it lowered the conversion price for its HK$130 million perpetual convertible securities to HK$0.63 per share from HK$0.66 per share.

The adjustment is due to a distribution out of contributed surplus for the year ended Dec. 31 that was approved by shareholders at a meeting held on May 28 and will be paid on June 20.

The new conversion price is effective retroactively from June 6, the day after the record date for the distribution.

Landsea is a Nanjing, China-based investment holding company that focuses on property investment, property development and trading, securities investment and securities trading and financial services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.