Reported about 1 year ago
Rumors have circulated in the financial industry that Cai Zhenyu, the younger brother of Cathay Lin's Cai Hongtu, known as the 'Country Tycoon's Third Brother', is considering returning to the Taiwanese financial market after more than a decade. It is said that he intends to acquire a significant portion of shares in AnTai Bank and Jingcheng Bank with the aim of promoting a merger between the two banks. However, both banks have remained relatively calm in response to the news, with AnTai Bank experiencing a slight increase and Jingcheng Bank opening lower before rebounding to around break-even with no signs of merger excitement. The two banks have refrained from commenting on the matter.
Source: YAHOO