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Phison Electronics adjusts conversion price for convertibles
By Rebecca Melvin
Concord, N.H., Dec. 17 – Phison Electronics Corp. has reduced the conversion price for its first domestic convertible corporate bond issuance, according to a regulatory notice.
The company has adjusted the conversion price to NT$556.3 per share from NT$570 per share, starting on Dec. 27.
Based in Hsinchu, Taiwan, the company designs and manufactures solid-state drives.
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