Fri, Jun 23, 2006 - Page 12 News List

Mega Financial postpones date of merger to Aug. 21

By Amber Chung and Shih Hsiu-chuan  /  STAFF REPORTERS

"It all depends on Chinatrust Financial. If it continues to refuse to back the government, choosing instead to cooperate with private shareholders, and the government fails to obtain the support of all shareholders representing foreign interests, the government will likely lose control of Mega Financial," he said.

Equal treatment

The Financial Supervisory Com-mission said yesterday that the commission treated all shareholders equally -- whether they represented private or public interests.

The commission would not intervene unless there was any impropriety involved in the management shakeup, it said.

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