Reported 12 months ago
Recent reports suggest that Cai Zhenyu, the former deputy chairman of Cathay Financial Holdings, is interested in acquiring AnTai Bank and JingCheng Bank. If true, this could violate the principle of 'financial separation.' The Financial Supervisory Commission stated this is the first time they have encountered such news, noting that Cai Zhenyu does not hold any position in Cathay Financial at present and that no formal applications have been made. Media questions about this potential double acquisition have been met with cautious responses, highlighting that it's currently based on speculation and market rumors.
Source: YAHOO