Genting Singapore to convert S$450 million of convertibles due 2012

By Lisa Kerner

Charlotte, N.C., Jan. 25 - Genting Singapore plc announced it will manditorily convert all of its outstanding convertible bonds due 2012 into shares on Feb. 9 at the conversion price of S$0.95.

As reported in October, Genting lowered the conversion price on the S$450 million convertibles to S$0.95 from S$0.99.

Genting is a Hong Kong-based gaming resorts operator.

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