Taiwan’s Keding adjusts conversion price of secured bonds

By William Gullotti

Buffalo, N.Y., Oct. 16 – Keding Enterprises Co., Ltd. will adjust the conversion price of its first domestic secured convertible bonds, according to a notice on Monday.

The company will adjust the conversion price on Nov. 7 to NT$36.50, which is the ex-dividend record date of the cash dividend that necessitated the adjustment.

Relevant details, such as cash dividend amount and present conversion price, were not disclosed in the notice.

Taiwan’s Keding Enterprises operates as a wood products manufacturing company, selling wood veneered panels, interior wood doors, wood floorings and other products.

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