Hon Hai amends effective date for conversion price adjustment

By Susanna Moon

Chicago, Aug. 23 – Taiwan’s Hon Hai Precision Industry Co., Ltd. issued an amended notice for the adjustment date of the conversion price of its unsecured convertible bonds due 2022.

The conversion price will be adjusted to NT$174.355 per common share from NT$141.484, effective Oct. 25, according to an amended notice.

The company said on Aug. 21 that it adjusted the conversion price after declaring a capital reduction by cash, which would be effective Tuesday.

As announced, the closed period for capital reduction will run from Aug. 21 to Oct. 25.

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

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