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Ritek resets conversion price on 0% convertibles
New York, March 25 - Ritek Corp. said the conversion price on its $118.118 million zero-coupon convertible bonds due 2008 was reset in accordance with the securities' terms and conditions.
The new conversion price is NT$23.81, down from NT$25.30 previously.
Ritek is a Taiwan optical disk, photonics and electronics company.
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