Flexium cuts conversion price on zero coupon convertibles due 2022

By Taylor Fox

New York, Aug. 12 – Flexium Interconnect, Inc. has lowered the conversion price for its $100 million zero coupon convertible bonds due 2022 to NT$75.88 per share from NT$79.03 per share, according to a news release.

The price adjustment took effect Aug. 7.

The adjustment is the result of a cash dividend of NT$1,682,083,240 approved by shareholders on June 18.

The Kaohsiung, Taiwan-based company manufactures flexible printed circuit boards.

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