Hong Kong's Gome sweetens conversion price of zero-coupon convertibles due 2014

By Devika Patel

Knoxville, Tenn., May 23 - Hong Kong's Gome Electrical Appliances Holding Ltd. said it lowered the conversion price of its zero-coupon convertible bonds due 2014 to HK$4.96 from HK$19.95.

The change, which takes effect May 23, is due to a HK$0.106 per share dividend payment.

Gome is a Hong Kong-based retailer of electrical appliances and consumer electronics.

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