Bloomberg L.P. · 1d
CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle in Taiwan
CTBC Financial Holding Co. is set to decide against a fresh offer for Shin Kong Financial Holding Co., according to people familiar with the situation, paving the way for rival Taishin Financial Holding Co.
The Taipei Times · 19h
CTBC aborts bid for Shin Kong
CTBC Financial Holding Co (中信金控) yesterday officially aborted its bid to acquire Shin Kong Financial Holding Co (新光金空) after financial regulators made clear their objections to the takeover. The nation’s third-largest financial conglomerate announced the pullback in a stock exchange filing,
Taiwan News · 4d
Taiwan's financial regulator vetoes CTBC's takeover of Shin Kong
The FSC added that CTBC’s merger plan included different stock acquisition ratios, with the lower limit of 10% failing to ensure absolute control over Shin Kong Financial. According to the FSC, this could lead to future disputes over equity and operating rights disputes.
Channel NewsAsia Singapore · 4d
Taiwan regulator denies CTBC's $4b bid for Shin Kong Financial
A complicated takeover battle for Taiwan's fifth-largest financial holding firm has taken a turn. The Financial Supervisory Commission has disapproved of CTBC Financial's $4 billion offer to acquire smaller rival Shin Kong.
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