Red chip Cosco Pacific says it is planning to revise the terms for its 20 per cent stake in the Liu Chong Hing Bank (LCH Bank). No reason was given for the decision but it is believed to be linked to the bank's plummeting share price. The company said it had begun negotiations with Liu Chong Hing Investment (LCH Investment) and LCH Bank on the existing terms of the share subscription. 'The proposed revised terms have, so far, not been finalised,' it said. It agreed to acquire 67 million shares of LCH Bank from the bank's majority shareholder, LCH Estate, and the Liu family at $23.88 a share in September. The share price of LCH Bank has fallen more than 56 per cent to close last Friday at $10.35. This means Cosco Pacific has to pay $906 million more than the market price if the acquisition price remains unchanged. LCH Investment and LCH Bank said Cosco Pacific had requested the completion date be extended. The two companies said terms of the revised placing and subscription had not changed. They said all conditions of placing had been satisfied by November 8 and completion was required on the seventh business day after conditions were fulfilled - November 18, 1997. Cosco Pacific's shares gained 17 per cent, or $1.15, on Friday to close at $7.90 on news it might successfully revise the acquisition price to match its share price.