China LotSynergy raises $75m for mobile expansion

Mobile gambling in China. What could be hotter? The provider of lottery systems attracts strong outright demand to seal convertible deal.

China LotSynergy raises $75m for mobile expansion

Former penny stock China LotSynergy, a lottery systems provider listed in Hong Kong, shrugged off recent market volatility on Tuesday as it successfully sold a HK$580 million $75 million convertible bond.

The company pushed ahead with its deal despite the sharp recent fall in its share price as CB investors kept up their strong interest in new Asian issuance. LotSynergy shares have come off so much that its conversion price of...

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