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Agile Property cuts conversion price of 4% convertibles due 2016
By Marisa Wong
Madison, Wis., Sept. 3 - Agile Property Holdings Ltd. said that it lowered the conversion price of its $500 million 4% convertible bonds due 2016 to HK$16.268 per share from HK$16.561 per share.
The new conversion price becomes effective Sept. 6.
The price adjustment follows from the company's board of directors declaring a cash dividend for the six months ended June 30.
Agile Property is a Hong Kong-based land development company.
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