Reported about 1 year ago
In the shareholders' meeting of New Guaranty and Taiwan Bank on June 14, 2024, the chairman of Taiwan Bank, Wu Dongliang, did not respond to inquiries about the merger with New Guaranty. Wu Dongliang mentioned that he would give care and necessary support to the founder of New Guaranty, Wu Dongjin. Shareholders at both meetings were focused on the merger issue, with uncertainties and queries surrounding the cases Wu Dongjin is involved in, as well as progress on the merger. Both companies' managers emphasized the importance of ensuring company readiness for IFRS 17, with Wu Dongjin's recent legal troubles possibly influencing the merger pace.
Source: YAHOO