Longhui to raise conversion price of bonds due to share consolidation

By Wendy Van Sickle

Columbus, Ohio, June 28 – Longhui International Holdings Ltd. will adjust the conversion prices of its HK$4,414,937 convertible bonds to HK$17.50 from HK$1.75 as a result of a share consolidation that will take effect on June 30, according to a company announcement.

The adjustment to the conversion price will take effect on June 29.

The company is involved in the restaurant business and is based in Shanghai.

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