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Prospect News home > News index > List of issuers K > Headlines for King Yuan Electronics Co., Ltd. > News item
Published on 7/5/2017 in the Prospect News Convertibles Daily.

King Yuan Electronics lowers conversion price on convertibles due 2019

By Marisa Wong

Morgantown, W.Va., July 5 – King Yuan Electronics Co., Ltd. adjusted the conversion price of its $50 million zero-coupon overseas convertible bonds due 2019.

The conversion price was lowered to NT$26.29 from NT$27.88 per share, according to a notice.

The adjustment, due to a cash dividend, is effective July 10.

King Yuan provides integrated circuit testing services to semiconductor manufacturers. The company is based in Hsinchu, Taiwan.


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