Wintek board OKs convertible bond issue; company to shelve offer

By Jennifer Chiou

New York, Dec. 16 - Wintek Corp. announced that its board of directors approved an issue of overseas unsecured convertible bonds.

Due to the company's "saggy stock price," Wintek said it plans to withdraw the planned issue.

Wintek provides high-speed data connections and is based in Taichung County, Taiwan. It also has offices in China and India.

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