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Park24 lowers conversion price of 0% convertible bonds to ¥2,572.30
By Devika Patel
Knoxville, Tenn., Jan. 27 - Park24 Co., Ltd. said it adjusted the conversion price of its ¥15 billion zero-coupon convertible bonds due 2026 to ¥2,572.30 per share from ¥2,608.40 per share.
The change was the result of a ¥30-per-share dividend, which was approved at a general meeting of shareholders on Wednesday.
Park24 is a Tokyo-based installer of parking equipment and provider of automated parking services.
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