The lender, which planned to raise over NT$1 billion, has expedited its steps by measures such as cutbacks in capitalization.
Bowa announced on Monday that it would raise NT$4 billion and merge with Asia Trust (亞洲信託) with a share swap ratio of 1:2.23 that would take effect on Dec. 31.
Chang said that the FSC will demand Bowa tender applications as soon as possible and monitor any possible illegal manipulation of share prices in the meantime.
RSS