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Taiwan's Shin Kong Financial lowers conversion price of euro convertibles
By Devika Patel
Knoxville, Tenn., Feb. 19 - Shin Kong Financial Holding Co. announced the conversion prices of its first issues of 2004 and 2005 euro convertible bonds will be decreased, effective Feb. 25.
The company said the conversion price for its 2004 convertible will be adjusted to NT$27.90 from NT$28.23 per share. The conversion price for its 2005 convertible will be adjusted to NT$23.90 from NT$24.17 per share.
Taipei, Taiwan-based Shin Kong is an investment holding company.
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