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AcBel lowers conversion price on second issue of convertibles
Chicago, June 13 – AcBel Polytech Inc. moved the conversion price lower on its second domestic unsecured convertible bond issue, according to a notice.
The new conversion price will be NT$49.8 per common share instead of NT$50 per common share.
The effective date for the adjustment is July 2.
The price is being adjusted because of a cash dividend distribution.
The maker of electronic power supplies is based in Taipei, Taiwan.
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