Taiwan’s Actron Technology trims conversion price of convertibles

By Mary-Katherine Stinson

Lexington, Ky., Sept. 22 – Actron Technology Corp. lowered the conversion price of its first domestic convertible corporate bond, according to a company notice.

The conversion price has been adjusted to NT$208 from NT$210 effective Sept. 25.

The adjustment was made because of a cash capital increase.

The Taiwan-based company is principally engaged in the development, manufacture and sale of rectifying diodes for automobiles.

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