Taiwan’s Hon Hai Precision cuts conversion price of bonds due 2022

By Susanna Moon

Chicago, July 31 – Hon Hai Precision Industry Co., Ltd. said it lowered the conversion price of its unsecured convertible bonds due 2022.

The conversion price will be adjusted to NT$141.484 per common share from NT$145, effective July 31.

The adjustment was triggered by company declaring a cash dividend, according to a company notice.

Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.

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