Lonking investors issue put notice on $99.28 million in convertibles

By Devika Patel

Knoxville, Tenn., May 3 - Lonking Holdings Ltd. reported that holders of $99.28 million of its convertible bonds issued a put notice on April 9.

As a result, the company redeemed the bonds on April 30 at 112.203 for $111.4 million.

There are $3.34 million of the convertibles remaining.

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

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