China Ecotourism Group (HKG:1371) said it completed the exchange of all outstanding New Option 1 Bonds into new bonds after at least 90% of bondholders approved the plan ahead of the July 4 cut-off, according to a Wednesday Hong Kong bourse filing.

Shares of the company were down about 5% in Thursday's recent trade.

The old bonds, including accrued interest, were cancelled and replaced on the July 9 settlement date.