Yang Ming Marine lowers conversion prices for two convertible issues

By Marisa Wong

Morgantown, W.Va., Feb. 21 – Yang Ming Marine Transport Corp. adjusted the conversion prices of its fourth issue unsecured convertible bonds and first issue secured mandatory convertible bonds, according to a Taiwan Stock Exchange announcement.

The conversion price for the unsecured bonds was decreased to NT$28.29 from NT$30.45, and the conversion price for the secured bonds was decreased to NT$25.42 from NT$27.14.

The adjustments, which are due to a private placement of common stock, become effective April 10.

Yang Ming is an ocean shipping company based in Keelung, Taiwan.

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