Reported 8 months ago
Xu Xudong, Vice Chairman of Far East Commercial Bank, emphasized the importance of staff training in the context of financial mergers and acquisitions during a shareholders' meeting on June 19, 2024. He highlighted the challenges in executing mergers and acquisitions, stressing the need for matching ideals and technologies with potential partners. The bank's General Manager, Zhou Tiancai, discussed the strategic development towards a financial holding company within the Far East Group. Emphasizing the need for internal consolidation, mutual benefit, business growth, and strong capital for successful mergers, Zhou Tiancai outlined the complex process of M&A and the necessity of rigorous employee training. With the aim to enhance its capital structure, the bank distributed dividends equally between stock and cash dividends, while also planning to strengthen its competitiveness in the face of intense competition in Taiwan's banking industry compared to world-class banks in Singapore.
Source: YAHOO