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Taiwan Acceptance to lower conversion price on 2012 convertible bonds
By Marisa Wong
Madison, Wis., July 14 – Taiwan Acceptance Corp. will lower the conversion price of its first issue 2012 convertible bonds to NT$59.21 per share from NT$63.32 per share, according to a notice.
The new conversion price will take effect on Aug. 4.
The adjustment is due to distribution of a cash dividend.
Taiwan Acceptance provides vehicle-related financial services and is based in Taipei, Taiwan.
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