GlobalWafers defers price adjustment on overseas convertible bonds

By William Gullotti

Buffalo, N.Y., Nov. 1 – GlobalWafers Co., Ltd. deferred a conversion price adjustment for its first unsecured overseas convertible bonds, according to a notice on Wednesday.

The company issued new shares in the share swap plan with CrystalWise Technology, but the resulting conversion price adjustment would be less than 1%.

The subsequent change will be deferred to the next price adjustment for the convertibles, as permitted by the offering plan.

GlobalWafers is a Hsinchu, Taiwan-based semiconductor company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.