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Beijing Enterprises unit to cut conversion price of convertibles
By Marisa Wong
Madison, Wis., June 5 - Beijing Enterprises Holdings Ltd. subsidiary Beijing Yanjing Brewery Co., Ltd. will lower the conversion price of its convertible bonds to RMB 7.30 per share from RMB 7.47 per share, effective June 6, according to a company announcement.
The adjustment follows from the issuance of additional A shares.
Beijing Enterprises is a Hong Kong-incorporated company with subsidiaries in natural gas, beer, sewage and water treatment.
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