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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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