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Kiu Hung adjusts conversion price after share consolidation
Chicago, Jan. 16 – Kiu Hung International Holdings Ltd. adjusted the conversion price on its existing convertible bonds after shareholders approved a share consolidation, according to a notice.
The new conversion price will be HK$100 per consolidated share instead of HK$50 per existing share.
The number of consolidated shares that can be issued upon the full exercise of the conversion right attached to the bonds will be 1.7 million shares, adjusted from 3.4 million existing shares.
The adjustments will take effect on Jan. 18, when the share consolidation becomes effective.
Kiu Hung International Holdings is a Hong Kong-based investment holding company.
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