Shin Kong trims conversion price on fourth, fifth issue convertibles

By Marisa Wong

Los Angeles, April 27 – Shin Kong Financial Holding Co., Ltd. lowered the conversion prices for its fourth issue and fifth issue domestic convertible corporate bonds, according to a Taiwan Stock Exchange notice.

The conversion price for the fourth issue bonds was decreased to NT$8.72 per share from NT$8.73 per share.

The conversion price for the fifth issue bonds was reduced to NT$10.77 per share from NT$10.78 per share.

The adjustments, which are due to a capital raising through issuance of common shares, will take effect on May 13.

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

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