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PSC shares to be downgraded for not settling its ECB issue on time

Josephine Lien, Taipei; Jessie Shen, DIGITIMES Asia Thursday 18 June 2009 0

Shares of Powerchip Semiconductor Corporation (PSC) will be downgraded to a category that requires full delivery in cash on June 19 as the DRAM maker is unable to complete the process to redeem its euro convertible bonds (ECBs) worth US$157.8 million,...

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