Taipei Sky Tower Overseas Equity Sale - Key Role of Chinatrust Bank

Reported about 1 year ago

As of July 5, 2024, the Taipei Sky Tower, set to become the second tallest skyscraper in Taipei worth billions, has its majority shareholder, an overseas company holding 95% of the ownership, seeking to sell all shares. The deadline for potential investors to submit letters of intent was at 5 pm on the 5th, with market speculations suggesting a low chance of a sale unless an unexpected 'dark horse' emerges. Analysts predict Chinatrust Bank, holding 5% ownership, might play a crucial role in the successful integration of ownership or prevent the project from becoming a failure.

Source: YAHOO

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