Shanghai Industrial greenshoe partly exercised, raising convertibles to HK$2.43 billion

New York, March 16 - Shanghai Industrial Holdings Ltd. said the underwriters of its recent offering of zero-coupon exchangeable guaranteed convertible bonds exercised HK$100.9 million of the HK$389 million greenshoe, raising the size of the deal to HK$2.43 billion.

The Hong Kong company originally priced HK$2.33 billion of the securities on Feb. 18, issuing them via its Shanghai Industrial investment (Holdings) Co. Ltd. subsidiary.

HSBC Bank plc was lead manager for the offering.

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