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 October 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): ______________
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): ______________
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-______________.
Dissent of SFG Shareholders against the Small-Scale Share Swap
On September 17, 2004, we announced that we were going to acquire the minority
common shares and preferred shares of Good Morning Shinhan Securities by the end
of December 2004 through the small-scale share swap pursuant to the resolution
of our BOD meeting. We also notified our shareholders of their dissenting
rights, and subsequently, received the dissenting shareholders' opinion by
October 6, 2004. According to the Business Law of Korea, the BOD resolution on
the small-scale share swap becomes invalid if more than 20% of outstanding
shareholders are against the decision.
The number of dissenting shares was 3,033,446 or 0.75%, of our total outstanding
shares (406,388,454).
Since the dissent ratio is lower than 20%, our BOD resolution on the small-scale
share swap remains valid.
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 : October 7, 2004