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Hong Kong’s Tongda lowers conversion price on 1% convertible bonds
New York, Sept. 14 – Tongda Group Holdings Ltd. lowered the conversion price for its HK$880 million of 1% convertible bonds due 2018 to HK$1.80 from HK$1.82.
The change is effective from Sept. 10, according to a company announcement.
Tongda made the change because of the declaration of an interim dividend of HK$0.02 per share for the six months ended June 30 on Aug. 15.
Tongda is a supplier of high-precision components for consumer electronic products. The company is based in Hong Kong.
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