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China YuHua Education cuts conversion price on convertibles due 2024
By William Gullotti
Buffalo, N.Y., June 8 – 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$6.68 per share from HK$6.82 per share.
The change, effective June 15, is due to an interim dividend paid and a resolution from the board of directors on April 27.
China YuHua is a Zhengzhou, China-based provider of private education services.
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