Taiwan's TXC lowers conversion price of fourth convertible bonds

By Marisa Wong

Madison, Wis., Aug. 2 - TXC Corp. said that it will adjust the conversion price of its fourth issue of convertible bonds.

The conversion price will be lowered to NT$46.5 from NT$49.2, effective Aug. 25, which is the base date for a dividend.

Taipei, Taiwan-based TXC manufactures frequency control products, including quartz crystal units, oscillators and surface acoustic wave filters.

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