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Prospect News home > News index > List of issuers P > Headlines for Park24 Co., Ltd. > News item
Published on 1/26/2012 in the Prospect News Convertibles Daily.

Park24 lowers conversion price of 0% convertible bonds due 2026

By Marisa Wong

Madison, Wis., Jan. 26 - Park24 Co., Ltd. adjusted the conversion price of its ¥15 billion zero-coupon convertible bonds due 2026 to ¥2,522.2 from ¥2,541.7, according to a company press release.

The price adjustment, effective retroactively from Oct. 31, was due to a dividend payment of ¥30 per share that was approved at a shareholders meeting on Thursday.

Park24 is a Tokyo-based installer of parking equipment and provider of automated parking services.


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