Taiwan’s All Ring Tech adjusts price for NT$1 billion 0% convertibles

By William Gullotti

Buffalo, N.Y., July 7 – All Ring Tech Co. Ltd. lowered the conversion price for its fourth unsecured convertible bond issue, according to a notice on Friday.

Due to the payment of cash dividends, effective July 7, the conversion price dropped to NT$116.40 from NT$120.10.

NT$1 billion of the 0% convertibles were issued with a three-year maturity in November 2021.

The designer and manufacturer of automated machines is based in Taiwan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.