Franbo Lines trims conversion price of convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., March 16 – Franbo Lines Corp. adjusted the conversion price of its fifth domestic unsecured convertible bonds, according to an announcement.

The conversion price will be adjusted to NT$18.06 from NT$19.39 effective April 8, which is the day following the record date.

The adjustment was triggered by a cash dividend distribution.

Based in Kaohsiung City, Taiwan, Franbo provides ocean transport and shipping agency services.

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