Emco shareholders OK possible convertibles issue for up to $50 million

By Laura Lutz

Des Moines, Sept. 15 - Emco Ltd. received shareholder approval for a possible issue of up to $50 million of foreign currency convertible bonds, global depository receipts, shares or permitted securities.

The shareholders approved the issue at their Sept. 15 annual general meeting.

Emco is a producer of power management technology based in Jalgaon, India.

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