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Fubon Financial delays Jih Sun acquisition to Q1 taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Fubon Financial's cumulative profit more than doubles taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Cathay Financial reports NT$12.95bn in profit, making up for loss last year taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
CTL fined over faulty beneficiary disclosure: FSC By Kao Shih-ching / Staff reporter The Financial Supervisory Commission (FSC) yesterday fined Hong Kong-based Capital Target Ltd (CTL, 建群), a major shareholder of Jih Sun Financial Holding Co (日盛金控), NT$25 million (US$898,569) for its faulty beneficiary disclosure and ordered CTL to offload part of its stake in Jih Sun within a year. CTL holds a 24.09 percent stake in Jih Sun and the commission would allow the company to retain a 5 percent stake, Banking Bureau Deputy Director Sherri Chuang (莊秀媛) told a videoconference, adding that its regulations require any shareholder with more than a 5 percent stake in a local financial conglomerate to reveal its beneficiaries. ....
Although the number of mergers and acquisitions (M&As) last year fell, the overall value surged 47 percent from a year earlier, propelled by US-China trade tensions, technological innovations and a realignment of the electronics supply chain, an annual report by PricewaterhouseCoopers (PwC) Taiwan said yesterday. “The M&A market took a hit from the COVID-19 pandemic last year, but may regain dynamism this year, helped by sustained monetary easing by global central banks and expectations of an economic recovery from the pandemic,” Lu Ming-kuang (盧明光), chairman of the Taiwan Mergers & Acquisitions and Private Equity Council (台灣併購與私募協會), said in the report. Taiwanese firms, ....