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FINWIRES

Quanta Computer Cuts Conversion Prices of Corporate Bonds

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Quanta Computer (TPE:2382) adjusted the conversion prices of its fourth and fifth unsecured exchangeable corporate bonds following the record date for its cash capital increase through a global depositary receipt (GDR) offering.

Effective Monday, the conversion price of the fourth unsecured bonds was lowered to NT$322.01 from NT$325.25, while the conversion price of the fifth unsecured bonds was reduced to NT$380.15 from NT$383.98, according to separate filings on Monday.

Both adjustments were made in response to the issuance of new shares under the GDR offering, the electronics and computing hardware maker said.

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