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Longchen Paper & Packaging sets conversion price for convertibles
By Rebecca Melvin
Concord, N.H., Nov. 30 – Longchen Paper & Packaging Co. Ltd. set on Tuesday the conversion price for its second domestic unsecured convertible bonds, according to a notice.
The conversion price for the convertibles issued on Sept. 24 is NT$26.20 per share, representing a 107% conversion premium to the base share price of NT$24.48.
The paper packaging producer and distributor is based in Taipei City, Taipei.
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