Hong Kong's Far East Consortium buys back HK$10 million zero-coupon convertibles due 2009

By Devika Patel

Knoxville, Tenn., April 21- Far East Consortium International Ltd. said it bought back and will cancel HK$10 million of its HK$754.4 million zero-coupon convertible bonds due 2009.

As a result, there are HK$106.68 million of the bonds remaining outstanding with a conversion price of HK$2.775.

Far East is a real estate development and hotel company based in Hong Kong.

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