Lau Luen-hung brothers buy convertible bonds of Chinese Estates

According to the data of the Exchange, the leading shareholder of Chinese Estates(0127)Joseph Lau Luen-hung and its chairman Thomas Lau Luen Hung bought HK$180 mln and HK$20 mln convertible bonds of Chinese Estates respectively on March 21. The due day of the convertible bonds is March 19, 2003 and the exercise price of subscribed shares is HK$1.08 with the rate of 3%. 

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