Shin Kong lowers conversion price on first issue of 2005 convertibles

By Marisa Wong

Madison, Wis., Oct. 25 - Shin Kong Financial Holding Co., Ltd. said it will adjust the conversion price on its first issue of 2005 overseas unsecured convertible corporate bonds.

The conversion price will be adjusted to NT$16.82 from NT$16.96, effective Nov. 30.

The price adjustment follows the company's NT$6 billion capital raise that priced on Oct. 8.

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

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