CCT Telecom downgrades Choi Siu-ping convertible bonds price by 46%

CCT Telecom Holdings (0138) announced the conditions amendment of the convertible bonds held by Choi Siu-ping, in which the converting price was downgraded from HK$1.57 to HK$0.85, 46% lower and the deadline was extended for 1 year to October 27, 2002 with annual interest rate rising from 5% to 8%.

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