Shunten partially redeems HK$27 million of convertible bonds

Chicago, July 2 – Shunten International (Holdings) Ltd. partially redeemed some of its HK$180 million convertible bonds, according to a press release.

The company redeemed HK$27 million of the bonds on June 20.

None of the redeemed bonds have been converted into conversion shares.

After the partial redemption, there are HK$14 million of the convertibles outstanding.

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

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

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