Shin Kong lowers conversion price on fourth issue convertible bonds

By Marisa Wong

Morgantown, W.Va., Sept. 5 – Shin Kong Financial Holding Co., Ltd. announced an adjustment to the conversion price for its fourth issue domestic convertible corporate bonds.

The conversion price will be lowered to NT$8.96 per share from NT$9.35 per share, effective Sept. 28.

The adjustment is due to distribution of a cash dividend and stock dividend, according to a Taiwan Stock Exchange notice.

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

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