Shin Kong cuts conversion price on fourth, fifth convertibles issues

By William Gullotti

Buffalo, N.Y., July 14 – Shin Kong Financial Holding Co., Ltd. lowered the conversion prices for its fourth issue and fifth issue of domestic convertible corporate bonds, according to a notice.

The conversion price for the fourth issue bonds was decreased to NT$7.98 per share from NT$8.33 per share.

The conversion price for the fifth issue bonds was reduced to NT$9.86 per share from NT$10.29 per share.

The adjustments take effect Aug. 8.

Shin Kong is an investment holding company based in Taipei, Taiwan.

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