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Yuanta Financial to cut conversion price of domestic convertibles
By Marisa Wong
Madison, Wis., Aug. 5 – Yuanta Financial Holding Co., Ltd. said it will lower the conversion price of its first domestic convertible bonds to NT$16.4 from NT$16.8 on Aug. 26.
The adjustment is due to a dividend distribution, according to a Taiwan Stock Exchange announcement.
The financial services company is based in Taipei, Taiwan.
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