Shin Kong Financial Holding Co. News

Shin Kong Shareholders Approve Merger With Smaller Rival

Shin Kong Financial Holding Co. secured shareholder approval for its merger with Taishin Financial Holding Co., creating the fourth-biggest financial conglomerate in Taiwan. The results were announced Wednesday after both companies held extraordinary shareholder meetings. Some 92.8% of Taishin’s shareholder …

Taiwan Regulator Rejects CTBC Takeover Attempt of Shin Kong

Taiwan’s financial regulator rejected on Monday a takeover attempt by financial conglomerate CTBC of rival Shin Kong saying its plans were incomplete. CTBC made an unexpected bid for Shin Kong last month, upending a proposal for Shin Kong to merge …

Taishin Raises Offer for Shin Kong in What Could Be Taiwan’s Biggest Financial Deal

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger. Taishin and Shin Kong’s long-mooted tie-up, …

Update: Taiwan’s CTBC Financial Plans to Buy Rival Shin Kong

Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that could form the island’s largest financial conglomerate. Amid speculation swirling of a takeover, the Taipei-based firm announced it will file …