Taiwan's Shin Kong cuts conversion price of overseas corporate bonds

By Devika Patel

Knoxville, Tenn., July 28 - Shin Kong Financial Holding Co. Ltd. announced it has reset the conversion price of its 2005 overseas unsecured convertible corporate bonds to NT$17.21 per share from NT$17.70 per share, effective July 28.

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

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