Gome Electrical lowers conversion price of 3% convertibles due 2014

By Marisa Wong

Madison, Wis., June 21 - Gome Electrical Appliances Holdings Ltd. announced that it adjusted the conversion price of its renminbi-denominated dollar-settled 3% convertible bonds due 2014 to HK$2.79 per share from HK$2.838 per share, effective June 11.

The price adjustment was a result of a final dividend payment for the year ended Dec. 31.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.