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Taiwan’s Hon Hai adjusts bond conversion price for capital reduction
By Susanna Moon
Chicago, Aug. 21 – Hon Hai Precision Industry Co., Ltd. said it adjusted the conversion price of its unsecured convertible bonds due 2022 after declaring a capital reduction by cash.
The conversion price will be adjusted to NT$174.355 per common share from NT$141.484, effective Tuesday, according to a notice.
The closed period for capital reduction will run from Aug. 21 to Oct. 25, the notice said.
Hon Hai Precision is a Tu-cheng, Taiwan, manufacturer of computer connectors, cable assemblies and enclosures.
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