Reason maybe why GHG has been falling.
GHG have currently embarked upon a massive buy-back of its convertible shares
There are currently 22.3 million CPS on issue with a face value of $1.70. Unless redeemed by GHG, these CPS will convert to ordinary shares at year end under a formula based on the volume weighted average price of GHG shares over the 20 tradings days prior to maturity on the 31st December 2005.
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grand hotel group