CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle …
WEB1 day ago · CTBC chose to walk away from the takeover battle for Shin Kong after facing opposition from Taiwanese regulators, people familiar with the matter have said, asking not to be identified because...
Shin Kong Drops on Twist in Taiwan’s $4 Billion Takeover Battle
WEB2 days ago · The moves came after the local regulator late on Monday rejected CTBC’s $4.1 billion takeover bid for Shin Kong, blocking the creation of what would have been the island’s biggest financial...
CTBC aborts bid for Shin Kong - Taipei Times
WEB13 hours ago · 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, nixing a month-long attempt to buy ...
Taishin Financial updates its terms for Shin Kong merger
WEBSep 11, 2024 · Taishin Financial Holding Co (台新金控) yesterday raised its terms to merge with Shin Kong Financial Holding Co (新光金控) via share swaps, in a bid to compete with a rival tender offer from CTBC Financial Holding Co (中信金控).
Taiwan’s Shin Kong Agrees to Merge With Rival Firm Taishin
WEBAug 23, 2024 · A Shin Kong and Taishin merger would create the fourth-biggest finance group, just shy of CTBC. Regulators on the island are seeking to boost the financial industry and diversify the economy...
Taiwan’s Shin Kong Agrees to Merge With Rival Firm Taishin
WEBAug 22, 2024 · Taiwan’s Shin Kong Financial Holding Co. agreed to merge with a smaller rival in a deal that sets up a takeover battle for Shin Kong with another suitor, CTBC Financial Holding Co.
Taiwan's financial regulator vetoes CTBC's takeover of Shin Kong
WEB4 days ago · TAIPEI (Taiwan News) — On Monday (Sept. 16), eve of the Mid-Autumn Festival, the Financial Supervisory Commission (FSC) held an impromptu press conference rejecting CTBC Financial Holdings' acquisition of Shin Kong Financial Holdings.
Takeover Battle for Taiwan Bank Heats Up With CTBC Offer
WEBAug 23, 2024 · CTBC offered NT$14.55 in cash and stock for up to 51% in Shin Kong, Taiwan’s fifth-largest financial conglomerate, according to a briefing on Friday.
Taiwan’s Shin Kong Agrees to Merge With Rival Firm Taishin (2)
WEBAug 23, 2024 · Shin Kong and Taishin Financial Holding Co. will combine via a share swap, the two companies said at a press briefing on Thursday evening. Under the terms of the deal, which has been under discussion for more than two years, Taishin will issue new shares and swap 0.6022 common shares for each share of Shin Kong.
Taishin raises offer for Shin Kong in what could be Taiwan's …
WEBTAIPEI, Sept 12 (Reuters) - Taiwan financial conglomerate Taishin (2887.TW) said it would raise its offer for peer Shin Kong (2888.TW) by 25% to about T$222.4 billion ($7 billion), in a deal...