Zhuhai Holdings lowers conversion price on convertible bonds

By Marisa Wong

Morgantown, W.Va., June 28 – Zhuhai Holdings Investment Group Ltd. announced it lowered the conversion price for its convertible bonds to HK$1.42 from HK$1.45, effective retroactively from June 7.

The adjustment is due to a dividend payment approved at an annual general meeting held on May 27.

As of June 28, the total outstanding principal amount of the convertible bonds is HK$480 million. The company originally issued HK$500 million of the convertible bonds.

Through its subsidiaries, Zhuhai Holdings manages a holiday resort, a theme park and an amusement park. The Hong Kong company also provides port facilities and ticketing services.

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