New Advanced Electronics trims conversion price for bonds

By Mary-Katherine Stinson

Lexington, Ky., Sept. 14 – New Advanced Electronics Technologies Co., Ltd. announced an adjustment to the conversion price of its third domestic secured conversion corporate bond, according to a notice Wednesday.

Effective Oct. 7, the conversion price will be adjusted to NT$215.50 per share from NT$219.80 per share.

The adjustment is the result of a cash dividend distribution.

Based in Taiwan, the issuer develops and manufactures power supplies and chargers.

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