Reported 12 months ago
Before 4:10 pm on July 2, 2024, Tsaichenyu, Vice Chairman of Cathay Financial Holdings, is set to acquire AnTai Bank and King Bank in stages, shaking the financial market. Investment banks, lawyers, and accountants are actively preparing documents to apply to the FSC, and it is estimated that the acquisition will be done in stages to comply with regulations. Key aspects to consider include acquiring a controlling stake in both banks, potential public takeover offers, and the process of merging the two banks, with discussions with the regulators being crucial.
Source: YAHOO