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China YuHua Education cuts conversion price on convertibles due 2024
By Marisa Wong
Los Angeles, May 28 – China YuHua Education Corp. Ltd. announced it lowered the conversion price of its HK$2,088,000,000 0.9% convertible bonds due 2024 to HK$6.92 per share from HK$7.019 per share.
The change, effective June 8, is due to payment of an interim dividend for the six months ended Feb. 29.
China YuHua is a Zhengzhou, China-based provider of private education services.
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