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Lonking buys back $17 million of its 0% convertible bonds due 2012
New York, Sept. 22 - Lonking Holdings Ltd. said it bought back $17 million of its $151.02 million in zero-coupon convertible bonds due 2012 in the over-the-counter market.
Lonking paid 108.95 for the bonds, for a total of $18,521,500 million. The securities were bought on Sept. 22.
Lonking is a maker of wheel loaders and other infrastructure machinery based in Hong Kong.
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