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Shin Kong cuts conversion price for second, third issue convertibles
By Marisa Wong
Madison, Wis., Sept. 11 – Shin Kong Financial Holding Co., Ltd. announced adjustments to the conversion price of its second and third issue domestic convertible corporate bonds.
Effective Sept. 30, the conversion price for the second issue convertibles will be NT$9.58 per share, lowered from NT$10.16 per share, and the conversion price for the third issue convertibles will be NT$9.90 per share, lowered from NT$10.50 per share.
Shin Kong is an investment holding company based in Taipei, Taiwan.
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