ProMOS yet to reach agreement with bondholders, stock to be downgraded

Josephine Lien, Taipei; Jessie Shen, DIGITIMES Asia Wednesday 18 February 2009 0

Despite an agreement with banks for a new loan, ProMOS Technologies has yet to work out a deal with bondholders for redeeming its ECBs, prompting market regulators to decide to downgrade the DRAM maker's stock to the full-cash-delivery class beginning...

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