Fong's repurchases another HK$7.5 million of its 0% convertibles

By Devika Patel

Knoxville, Tenn., Aug. 29 - Fong's Industries Co. Ltd. said it bought back HK$7.5 million of its outstanding zero-coupon convertible bonds due 2011 for HK$8.14 million in an off-market transaction.

The bonds were bought back for HK$1.085 apiece.

So far, the company has repurchased HK$85.45 million of the bonds this year.

Fong's is a textile company based in Hong Kong.

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