Lonking buys back $6.4 million of its 0% convertible bonds due 2012

By Devika Patel

Knoxville, Tenn., Sept. 3 - Lonking Holdings Ltd. said it bought back $6.4 million of its $151.02 million in zero-coupon convertible bonds due 2012 in the over-the-counter market.

Lonking paid 108.75 for the bonds, for a total of $6.96 million on Sept. 2.

Lonking is a maker of wheel loaders and other infrastructure machinery based in Hong Kong.

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