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TAIPEI - Hon Hai (TW:2317) Precision Industry Co., Ltd. announced Tuesday it has adjusted the conversion prices for two series of its unsecured overseas convertible bonds, according to a company press release.
The conversion price for the Unsecured Overseas Convertible Bonds Due 2026 has been reduced from NT$143.83 to NT$138.53 per common share. Similarly, the conversion price for the Unsecured Overseas Convertible Bonds Due 2029 has been adjusted from NT$300.00 to NT$288.94 per common share.
Both price adjustments are effective July 8, 2025, the company stated. Hon Hai, also known internationally as Foxconn (SS:601138), made these adjustments in accordance with the offering plans of the respective bonds.
The Taiwan-based electronics manufacturing giant noted that the adjustments were made in compliance with the terms outlined in the original bond offering documents. The company did not specify the reason for the adjustment in its announcement.
Hon Hai indicated that there are no other matters requiring disclosure that would significantly impact shareholder rights or securities prices under Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules.
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