Mon, Oct 16, 2006 - Page 12 News List

Taishin, Chang Hwa to seek advisers

SHARE SWAP While Chang Hwa's board approved plans to hire financial advisers to facilitate the agreement, the Ministry of Finance questioned the board's procedures

By Amber Chung  /  STAFF REPORTER

Chang Hwa's six overseas branches and one representative office in China can also help Taishin Financial's overseas development, he added.

Taishin Financial also called on the government to keep its promise of support for the winner of the bid for Chang Hwa. The company outbid six competitors with an offer of NT$36.6 billion (US$1.1 billion) for a 22 percent stake in Chang Hwa in July last year.

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