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CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle in Taiwan

By Yahoo! Finance   |   3 months ago
CTBC Is Said to Consider Pulling Out of Shin Kong Takeover Battle in Taiwan

CTBC Financial Holding Co. is likely to withdraw from bidding for Shin Kong Financial Holding Co., allowing Taishin Financial Holding Co. to proceed with a major merger in Taiwan's financial sector. Regulators rejected CTBC's bid, favoring Taishin's revised offer.

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