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Zhou Hei Ya buys HK$155 million convertible bonds on open market
Chicago, April 11 – Zhou Hei Ya International Holding Co. Ltd. repurchased some of its HK$1.55 billion 1% convertible bonds due 2025 in the open market, according to a press release.
The average purchase price for the HK$155 million of bonds repurchased was 90, or HK$900,000 per HK$1 million bond.
Funding for the repurchases came from internal resources of the issuer.
The repurchased bonds were convertible into 14,903,846 shares of the company.
After the repurchased bonds are canceled, there will be HK$1,395,000,000 of the bonds remaining.
Zhou Hei Ya is a Wuhan, China-based food products company.
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