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

By Yahoo! Finance | Sep 19, 2024 at 10:59 PM EST

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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