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361 Degrees International Lowers Conversion Price Of USD 150 Mn Convertible Bonds

|Includes:361 Degrees International Limited (TSIOF), TSIOY

Prepared by ChinaScope Financial | Source:Company Disclosure

  • 361 Degrees International Ltd. (01361: HKG) announced its plan to adjust the conversion price of convertible bonds (CBs) worth USD 150 million, which are due to mature in 2017, from HKD 3.53 per share to HKD 3.4 per share, after company declaration of a final dividend. The new conversion price will be effective from April 27, 2013.

 

  • 361 Degrees specializes in the manufacture and sale of sporting goods including footwear, apparel, and accessories in China.
Stocks: TSIOF, TSIOY