Flexium trims conversion price of zero coupon convertibles due 2024

By Rebecca Melvin

Concord, N.H., May 17 – Flexium Interconnect, Inc. has lowered the conversion price for its $120 million zero coupon convertible bonds due 2024 to NT$123.22 per share from NT$130.05 per share, according to a news release.

The price adjustment will take effect June 10.

The adjustment is the result of a cash dividend of NT$1,593,170,095 approved by board members on May 4.

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

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