Taishin Securities Co (台新證券) would take the fourth spot in terms of market share in Taiwan after completing a merger with MasterLink Securities Corp (元富證券) yesterday, data compiled by the Financial Supervisory Commission (FSC) showed.
TS Financial Holding Co (台新新光金控) said the merger of Taishin Securities with MasterLink Securities represents the latest combination of the subsidiaries of Taishin Financial Holding Co (台新金控) and Shin Kong Financial Holding Co (新光金控), which merged in July last year with the new financial holding firm renamed TS Financial.
After the merger, Taishin Securities remains the existing entity with the MasterLink Securities name discontinued. FSC data showed the market share of the post-merger Taishin Securities is expected to increase from 2.19 percent to 5.13 percent.
Photo courtesy of Taishin Securities Co
The ranking of Taishin Securities would jump from No. 16 to No. 4 following the merger, the data showed.
The new Taishin Securities would operate 55 offices and have a workforce of 2,763, TS Financial said.
Yuanta Securities Co (元大證券) was the largest securities company in Taiwan with a market share of 17.24 percent at the end of last year, ahead of KGI Securities Co (凱基證券) at 12.73 percent and Fubon Securities Co (富邦證券) at 7.98 percent, data released by Taipei Exchange showed.
With the merger of Taishin Futures Co (台新期貨) and MasterLink Futures Co (元富期貨) also completed yesterday, the new Taishin Futures is expected to see its ranking climb to sixth from 11th and its market share increase to 4.13 percent, FSC data showed.
After the merger, Taishin Futures is expected to have a workforce of 164.
TS Financial in January completed the merger of Shin Kong Life Insurance Co (新光人壽) and Taishin Life Insurance Co (台新人壽) after the combination of Taishin Investment Trust Co (台新投信) and Shin Kong Investment Trust Co (新光投信) in November last year.
TS Financial president Welch Lin (林維俊) last week at an earnings conference said that the company would continue to push for the merger of other subsidiaries by the end of this year to boost overall competitiveness.
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