Elite Material cuts conversion price on fourth convertibles issue

Chicago, Aug. 12 – Elite Material Co. Ltd. lowered the conversion price of its fourth issue domestic convertible bonds to NT$107.9 from NT$111.3, according to a Taiwan Stock Exchange notice.

The adjustment, which is due to a cash dividend, will take effect on Sept. 6.

Elite Material is a laminator and provider of materials to the printed circuit board industry based in Taoyuan City, Taiwan.

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