Wharf Finance lowers conversion price for 2.3% convertibles due 2014

By Marisa Wong

Madison, Wis., April 12 - Wharf Finance (2014) Ltd. said it adjusted the conversion price of its 2.3% convertible bonds due 2014 guaranteed by parent company Wharf (Holdings) Ltd.

The conversion price will be lowered to HK$88.97 per share from HK$90.00 per share, effective May 29.

The price adjustment results from the declaration of an interim dividend of HK$1.20 per share for the year ended Dec. 31.

Wharf is a Hong Kong-based conglomerate with businesses in property investment and development, communications, media and entertainment.

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