Shin Kong trims conversion price on fourth, fifth issue convertibles

By Sarah Lizee

Olympia, Wash., June 26 – Shin Kong Financial Holding Co., Ltd. announced an adjustment of conversion prices for its fourth and fifth domestic unsecured convertible corporate bonds.

The adjustments, which will take effect on July 19, are due to cash distribution from capital surplus, according to a notice.

The conversion price for the fourth domestic convertibles will be adjusted to NT$8.76 per share from NT$8.96 per share.

The conversion price for the fifth domestic convertibles will be adjusted to NT$10.82 per share from NT$11.06.

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

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