HKR repurchases HK$35 million more of its 0% convertibles due 2010

By Devika Patel

Knoxville, Tenn., Oct. 20 - HKR International Ltd. announced it bought back HK$35 million principal amount more of its zero-coupon convertible bonds due 2010 on Oct. 17.

The company bought 350,000 of the convertibles at 104, paying HK$36.4 million total.

HKR previously said it repurchased HK$5.6 million of the convertibles on Oct. 16.

The company originally issued HK$1.41 billion of the zero-coupon convertible bonds due 2010.

HKR is a Hong Kong-based investment holding company.

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