Corsair, meanwhile, will set up a local subsidiary called Xiong He (雄賀), through which it plans to subscribe for 284 million common shares, 113.6 million preference shares and NT$3.6 billion worth of convertible debentures.
The Carlyle Group, not Ta Chong, will submit the investment plans to the Financial Supervisory Commission, Chuang said.
"We cannot comment on whether the financial regulator will give the green light to the investment plans or when it will do so. But we see no particular reason why the financial regulator would oppose the investment plans," he said.
RSS