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Amber Hill Financial increases conversion price on convertible bonds
By Marisa Wong
Los Angeles, Dec. 7 – Amber Hill Financial Holdings Ltd. announced it adjusted the conversion price of its convertible bonds as a result of a share consolidation.
The conversion price was adjusted to HK$10.00 per consolidated share of HK$0.01 from HK$1.00 per share of HK$0.001, effective Nov. 30.
As of Dec. 7, there was HK$105 million principal amount of the bonds outstanding.
The investment holding company is based in Hong Kong.
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