Taiwan Cement lowers conversion price on first convertible bonds

By Sarah Lizee

Olympia, Wash., Aug. 13 – Taiwan Cement Corp. announced an adjustment to the conversion price of its first unsecured foreign currency convertible bonds.

The convertible price will be changed to NT$35.49 from NT$41.00 per common share.

The effective date of the adjustment will be Aug. 19.

The adjustment follows the company’s declared dividends distribution by cash.

The issuer is a Taipei, Taiwan, cement company.

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