Taiwan’s Roo Hsing trims conversion price of first domestic convertibles

By Mary-Katherine Stinson

Lexington, Ky., Sept. 21 – Roo Hsing Co., Ltd. lowered the conversion price of its first domestic unsecured convertible corporate bond, according to a company notice.

The conversion price has been adjusted to NT$4.27 from NT$4.29 effective Sept. 21.

The adjustment was made under the bonds’ procedures as a result of an issuance of new shares through a capital increase.

Roo Hsing is a Taipei, Taiwan-based textile manufacturer.

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