Fulin Plastic adjusts conversion price for convertible bonds

By William Gullotti

Buffalo, N.Y., July 26 – Fulin Plastic Industry (Cayman) Co., Ltd. announced an adjustment to the conversion price of its first unsecured convertible bonds, according to a notice on Monday.

Effective Sept. 2, the conversion price will be adjusted to NT$69.80 from NT$70.10.

According to the notice, the price change is due to the issue of 1 million common shares via a cash capital increase with the company’s first unsecured conversion corporate bond issuance and conversion regulations in China.

Fulin is an artificial leather manufacturer and distributer based in Haiphong, Vietnam.

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