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DM TECHNOLOGY: Adjusts Exercise Price of 2nd Bonds with Warrants
DM Technology Co., Ltd., has adjusted the exercise price of its second bonds with warrants from KRW3,620 to KRW3,230 per share, Reuters Investing Keys reports.
According to the report, the bonds price adjusting took effect on March 6, 2008.
The initial announcement regarding the bond issuance was made on September 4, 2007, the report recounts.
Based in Gyeonggi Province, South Korea, DM Technology Co., Ltd. -- http://www.dmtechnology.co.kr/eng/index.asp -- is engaged in the manufacturing of digital home appliances. The company mainly provides crystal display (LCD) televisions (TVs), portable multimedia players and home theater systems, including digital versatile disc (DVD) receivers, DVD players and other systems. It has an overseas corporation each in China, Hong Kong, Japan, the United Kingdom and Netherlands.
Korea Ratings gave the company's convertible bond with an Aug. 8, 2008 maturity date an initial rating of B, with stable outlook.
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