Flexium cuts conversion price on zero coupon convertibles due 2024

By William Gullotti

Buffalo, N.Y., June 4 – Flexium Interconnect, Inc. has lowered the conversion price for its $120 million zero coupon convertible bonds due 2024 to NT$130.05 per share from NT$136 per share, according to a news release.

The price adjustment will effect June 26.

The adjustment is the result of a cash dividend of NT$1,786,764,795 approved by shareholders on Feb. 17.

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

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