China Water Affairs Group to lower conversion price on convertibles

By Marisa Wong

Madison, Wis., Dec. 13 - China Water Affairs Group Ltd. said it will adjust the conversion price of its convertible bonds to HK$3.93 from HK$3.96, effective Dec. 16.

The price adjustment is the result of an interim dividend of HK$0.02 per share for the six months ended Sept. 30, declared on Nov. 26.

China Water is a Hong Kong-based water supply and sewage treatment company that operates mainly in China.

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