Mon, Dec 24, 2012 - Page 13 News List

INTERVIEW: Transglobe expects Kuo Hua to show early profit

Transglobe Life Insurance Co raised eyebrows on Nov. 27 by winning the bid for the insolvent Kuo Hua Life Insurance Co with a record subsidy of NT$88.37 billion from the government to cover Kuo Hua’s losses. Transglobe chairman James Liu recently spoke to the media, including ‘Taipei Times’ staff reporter Crystal Hsu, on how his company plans to use the funds and put the ailing Kuo Hua on the right course

I don’t see a need for change at present, but no business strategy remains unchanged forever. We will make adjustments when situations call for them.

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