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Franbo Lines trims conversion price of convertible bonds
By Mary-Katherine Stinson
Lexington, Ky., Aug. 23 – Franbo Lines Corp. lowered the conversion price of its sixth domestic unsecured convertible bonds, according to an announcement.
The conversion price will be adjusted to NT$16.30 from NT$16.48 effective Sept. 4, which is the day following the record date.
The adjustment was triggered by a cash capital increase and the issuance of common shares.
Based in Kaohsiung City, Taiwan, Franbo provides ocean transport and shipping agency services.
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