Taiwan’s TXC lowers conversion price of fifth convertible bonds

By William Gullotti

Buffalo, N.Y., Aug. 5 – TXC Corp. will adjust the conversion price of its fifth issue of convertible bonds, according to a notice Thursday.

The conversion price will be lowered to NT$133.70 from NT$138, effective Aug. 28.

According to the notice, a cash dividend distribution is the reason for the change.

Taipei, Taiwan-based TXC manufactures frequency control products, including quartz crystal units, oscillators and surface acoustic wave filters.

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