Shin Kong to cut conversion price on second issue convertible bonds

By Marisa Wong

Madison, Wis., June 6 - Shin Kong Financial Holding Co., Ltd. announced it will adjust the conversion price of its second issue of domestic convertible corporate bonds.

The new conversion price will be NT$10.46 per share, lowered from NT$10.50 per share, and will be effective from July 5.

The price adjustment was triggered by the issuance of 650 million common shares on June 6, according to a Taiwan Stock Exchange announcement.

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

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