Taiwan's TPK cuts conversion prices on 2014, 2017 euro convertibles

By Marisa Wong

Madison, Wis., July 1 - TPK Holding Co., Ltd. said it adjusted the conversion prices for its zero-coupon euro convertible bonds due 2014 and its zero-coupon euro convertible bonds due 2017.

The conversion price for the 2014 bonds was lowered to NT$724.90 per share from NT$751.40 per share, and the conversion price for the 2017 bonds was lowered to NT$436.70 per share from NT$452.68 per share.

The adjustments become effective July 11.

Based in Taipei, Taiwan, TPK makes capacitative touch technology products used in smartphones and tablets.

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