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Far East Consortium buys back HK$7 million of 3.625% convertibles
By Marisa Wong
Madison, Wis., Sept. 9 - Far East Consortium International Ltd. said it purchased and canceled HK$7 million of its HK$740 million of outstanding 3.625% convertible bonds due 2015 on Sept. 6.
Following the transaction, HK$733 million of the original HK$800 million convertibles remains outstanding.
Incorporated in the Cayman Islands, Far East Consortium is a Hong Kong-based real estate development and hotel company.
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