Tue, Jul 26, 2005 - Page 10 News List

Taishin Financial's shares plummet

SELLING STAMPEDE News that the holding company could register huge investment losses by buying a 22 percent stake in Chang Hwa Bank had investors dumping stocks

By Amber Chung  /  STAFF REPORTER

Choi attributed the changes to their concern that the high-priced deal may hurt Taishin Financial's share price, and that the com-pany's ability to complete a takeover on more favorable terms without significant controversy is questionable.

Taishin reported net earnings of NT$5.75 billion, or 1.35 per share, in the first half of this year, down from NT$6.12 billion, or NT$1.61 per share, a year ago.

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