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Prospect News home > News index > List of issuers I > Headlines for Intime Department Store (Group) Co. Ltd. > News item |
Intime Department Store cuts conversion price of 1.75% convertibles
By Marisa Wong
Madison, Wis., Oct. 13 - Intime Department Store (Group) Co. Ltd. said it will adjust the conversion price of its HK$1.94 billion 1.75% convertible bonds due 2013.
The conversion price will be lowered to HK$13.09 per share from HK$13.31 per share, effective Oct. 17.
The price adjustment is due to the declaration of an interim dividend for the six months ended June 30.
Intime is a Beijing-based operator and manager of department stores.
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