China Water Affairs Group cuts conversion price on convertible bonds

By Marisa Wong

Madison, Wis., Sept. 6 - China Water Affairs Group Ltd. said it lowered the conversion price of its convertible bonds to HK$3.07 from HK$3.10 on Tuesday.

The price adjustment is the result of a final dividend payment of HK$0.03 per share declared at a meeting on Sept. 2.

China Water is a Hong Kong-based water supply and sewage treatment company that operates mainly in China.

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