SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of June 2004
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .
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CONSUMMATION OF SMALL-SCALE SHARE EXCHANGE
In June 22, 2004, we acquired 108,438,628 shares of common stock of Chohung
Bank that we previously did not own through a small scale share swap pursuant to
Korean laws. As a result, our share ownership in Chohung Bank increased to 100%.
In connection with this share swap, we issued 14,682,590 new shares of our
common stock to the existing shareholders of Chohung Bank in exchange for the
shares of Chohung Bank's common stock, of which 8,985,567 shares of our common
stock was acquired by Chohung Bank pursuant to the exercise of dissenters'
rights by certain shareholders of Chohung Bank. Following this transaction, the
total number of shares of our common stock increased to 309,083,890 shares.
Under the Financial Holding Company Act of Korea, the voting rights relating to
the 8,985,567 shares of our common stock currently held by Chohung Bank in
treasury are restricted. The newly issued 14,682,590 shares of our common stock
are expected to be listed on the Korea Stock Exchange in July 2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SHINHAN FINANCIAL GROUP CO., LTD.
By /s/ Byung Jae Cho
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Name: Byung Jae Cho
Title: Chief Financial Officer
Date : June 24, 2004