Taiwan's Shin Kong Financial adjusts conversion price of euro convertibles

By Devika Patel

Knoxville, Tenn., Aug. 27 - Shin Kong Financial Holding Co. informed investors that the conversion prices of its first issues of 2004 and 2005 euro convertible bonds will be decreased, effective Sept. 1.

The company said the conversion price for its 2004 convertible will be adjusted to NT$25.83 per share from NT$27.90 per share. The conversion price for its 2005 convertible will be adjusted to NT$22.13 per share from NT$23.90 per share.

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

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