5th Series Overseas Unsecured Convertible Bond Conversion Price Adjusted
Original: 海外第五次無擔保轉換公司債轉換價格調整 公告
Summary
Quanta Computer has announced an adjustment to the conversion price of its 5th series overseas unsecured convertible bonds. Conversion price adjustments typically result from corporate actions such as cash dividends, stock dividends, or capital reductions, and directly affect the number of shares that bondholders may receive upon conversion—relevant to existing shareholders monitoring dilution risk. Full body available on MOPS.
Full Translation
Subject line (original): 海外第五次無擔保轉換公司債轉換價格調整 公告. Literal translation: 'Announcement — Conversion Price Adjustment for the 5th Series Overseas Unsecured Convertible Bonds.' Under Taiwan securities regulations, issuers of convertible bonds (CBs) are required to adjust the stated conversion price whenever specified corporate events occur (e.g., cash dividend distribution, stock dividend, capital reduction, or rights offering) to protect bondholders from economic dilution. This announcement indicates that such a triggering event has occurred for Quanta's 5th overseas CB tranche, resulting in a revised conversion price. Investors should note the new conversion price, the effective date, and the triggering event, all of which will be detailed in the full filing. A lower adjusted conversion price increases potential share dilution upon conversion; a higher price reduces it. [Body not available — subject line only. See MOPS for full announcement.]