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SK Telecom cuts conversion price on 1.75% convertible notes due 2014
By Marisa Wong
Madison, Wis., July 29 - SK Telecom Co., Ltd. said it lowered the conversion price on its $332,528,000 1.75% convertible notes due 2014.
The conversion price was lowered to 209,853 won from 211,271 won.
The adjustment was due to a cash dividend.
The notes were issued April 7, 2009.
Seoul, Korea-based SK Telecom is a mobile phone operator.
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