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Starrise Media adjusts price on HK$120 million convertibles due 2021
By Taylor Fox
New York, Jan. 19 – Starrise Media Holdings Ltd. adjusted the conversion price on its HK$120 million convertible bonds due Feb. 28, 2021 including Dragon Capital bonds and the BeiTai bonds, according to a company announcement.
The HK$100 million Dragon Capital bond price has been converted to HK$0.156 from HK$0.74.
The HK$20 million BeiTai bond price has been converted to HK$0.156 from HK$0.74.
In all, 641,025,641 of the Dragon Capital bonds and 128,205,128 of the BeiTai bonds will be issued upon full conversion of the bonds.
Based in Beijing, Starrise invests in films and television drama production and jacquard weaving.
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