China Star allotments accepted

China Star Entertainment said it had received acceptances of provisional allotments amounting to 75.7 million rights shares. The company also received applications for 6.49 million excess rights shares, which it said would be allotted in full. The aggregate amounted to approximately 43 per cent of the entire rights issue of 191.33 million right shares. The conversion price payable on conversion of the rights has been lowered from $1.10 to 98 cents as a result of the issue.