Taiwan's Farglory Construction puts off issuing convertible bonds

By Marisa Wong

Madison, Wis., Nov. 28 - Farglory Construction Co., Ltd. said it will postpone its planned issuance of corporate convertible bonds due to turbulence in the global market.

The Taiwan Financial Supervisory Commission approved the proposed fifth and sixth issues of convertible bonds in September. The company is now applying for a three-month extension to issue the bonds.

Farglory develops and constructs commercial and residential buildings and is based in Taipei, Taiwan.

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