Lexmark to Issue $290 Million in Convertible Bonds


On December 24, Ninestar Corporation announced that Lexmark intends to issue $290 million worth of convertible bonds and that it will subscribe for $90 million, while Zhuhai Seine Printing Technology Co., Ltd., Ninestar’s controlling shareholder, will subscribe for $200 million. Ninestar says that the funds will be used to promote Lexmark’s development and enhance its

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