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Ozner Water lowers conversion price on 5% convertible bonds due 2020
By Tali Rackner
Minneapolis, July 13 – Ozner Water International Holding Ltd. adjusted the conversion price of its HK$465 million 5% convertible bonds due 2020 to HK$1.88 per share from HK$1.91 per share, according to a notice.
The new conversion price will be effective as of July 17.
The adjustment was triggered by a final dividend of RMB 0.0225 (HK$0.0279) per share to be paid on July 30 and a May 31 placement of 90 million new shares at a price of HK$2 per share.
Ozner distributes water purification systems in China. The company is based in Shanghai.
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