Shunten redeems additional HK$5 million of convertible bonds

Chicago, June 10 – Shunten International (Holdings) Ltd. gave notice that it has redeemed early an additional HK$5 million of convertible bonds, according to a notice.

The convertibles were redeemed in cash at par, plus interest.

After the redemption there are HK$41 million of the original HK$180 million of convertibles outstanding.

The convertibles were originally issued with an initial conversion price of HK$0.432 per conversion share. As of June 10, none of the convertibles have been converted into shares.

The company conducted the partial redemption to manage its capital structure and reduce finance costs.

Shunten International is a Hong Kong-based health care products distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.