HONG KONG, March 10 (Reuters) -Chinese car maker Geely Automobile Holdings Ltd. said on Friday it would issue HK$741.6 million (US$95 million) zero-coupon bonds due 2011, raising capital to increase its investment in auto making units.
Geely said in a statement the bonds would be convertible into shares of the company at HK$0.90 each, a 25 percent premium over the closing price of HK$0.72 on Wednesday prior to a trading suspension. Trading in the shares will resume on Friday.
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