CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle …
WEB1 day ago · Shin Kong shares fell 3.5% on Friday to the lowest in a month, valuing the firm at $6.6 billion. CTBC climbed 1.5%, giving the group a market value of $20.9 billion. Taishin dropped 1.6%, valuing ...
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 ...
CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle …
WEB1 day ago · The financial services group had been evaluating the feasibility of a new offer after Taishin made a revised bid that values Shin Kong at about NT$243 billion ($7.6 billion), the people said.
Shin Kong Drops on Twist in Taiwan’s $4 Billion Takeover Battle
WEB3 days ago · CTBC’s shares rose as much as 4.7% in Taipei on Wednesday, while Shin Kong’s shares tumbled as much as 7.9%. The moves came after the local regulator late on Monday rejectedCTBC’s $4.1 ...
Taiwan regulator blocks hostile bank takeover to clear way for rival …
WEB5 days ago · Taiwan’s financial regulator has blocked a hostile takeover of financial group Shin Kong, clearing the way for it to merge with rival Taishin Financial Holdings in a $16.6bn friendly deal.
Taishin Financial updates its terms for Shin Kong merger
WEBSep 11, 2024 · The revised terms would suggest a merger price of NT$14.18 per share, a 25 percent increase from NT$11.32 per share it proposed last month, and a 5 percent premium over Shin Kong’s closing price at NT$13.5 yesterday, Lin said. CTBC Financial last month proposed buying 51 percent of Shin Kong Financial shares on the open market and via share ...
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. The FSC deadline for reviewing CTBC’s hostile acquisition of Shin Kong was set for Sept. 24, but an early ruling was delivered after just 10 working days as ...
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.
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...