Kiu Hung adjusts conversion price due to capital reorganization

By Mary-Katherine Stinson

Lexington, Ky., June 27 – Kiu Hung International Holdings Ltd. announced an adjustment to its convertible bonds because of capital reorganization effective June 27, according to a company news release.

The convertible price will be adjusted to HK$10 per adjusted share from HK$2 per existing share.

The number of adjusted shares that can be issued upon full exercise of the conversion right attached to the convertible bonds will be adjusted to 5.1 million adjusted shares from 25.5 million existing shares.

Kiu Hung International Holdings is a Hong Kong-based investment holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.