Soho China cuts conversion price on 3.75% convertible bonds due 2014

By Marisa Wong

Madison, Wis., May 20 - Soho China Ltd. has lowered the conversion price of its 3.75% convertible bonds due 2014, according to a company announcement.

The conversion price was adjusted to HK$5.10 per share from HK$5.26 per share, effective May 21.

The price adjustment is the result of a final dividend payment for the year ended Dec. 31, approved by shareholders at an annual general meeting held on May 14.

Soho China is a Beijing-based developer of branded commercial properties in central Beijing.

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