Reported 8 months ago
On June 17, 2024, at 4:10 pm, the Financial Supervisory Commission emphasized that according to the financial holding company regulations, Taiwan New Taiwan Financial cannot recognize New Life Private Equity Fund, even if it wants to recognize New Kin Private Equity Fund. Market speculations suggested a possible merger between Taiwan New Taiwan Financial and New Kin Financial, resulting in a canceled meeting on the 17th. FSC stressed the need for prior approval if there is an intention for a merger, and New Kin Financial emphasized focusing on material company information. Progress towards a merger between the two financial holding companies seems to be quietly advancing.
Source: YAHOO