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Beijing Enterprises’ unit cuts conversion price of convertibles
By Rebecca Melvin
New York, July 5 – Beijing Enterprises Holdings Ltd.’s subsidiary Shine Power International Ltd. will lower the conversion price of its convertible bonds to HK$106.26 per share from HK$106.80 per share, effective July 3, according to a company announcement.
Beijing Enterprises is a Hong Kong-incorporated company with subsidiaries in natural gas, beer, sewage and water treatment.
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