TAIPEI (TVBS News) — Shin Kong Financial (新光金) and Taishin Holdings (台新金) refused to comment on potential merger discussions on Tuesday (Aug. 20), emphasizing adherence to official announcements and significant information disclosures.
The Financial Supervisory Commission (FSC, 金管會) confirmed a day earlier that both companies' general managers met with the Banking Bureau to discuss the potential merger.
Stephen Chen (陳恩光), general manager of Shin Kong Financial, and Welch Lin (林維俊), general manager of Taishin Holdings, visited Banking Bureau Director-General Chuang Hsou-yuan (莊琇媛) to explain the merger details.
The Monday meeting has sparked significant public interest due to the potential creation of Taiwan's fourth-largest financial holding company.
Reports indicate that Shin Kong Financial and Taishin Holdings will hold separate board meetings on Aug. 22 to discuss the merger and related stock exchange matters. The outcome of these meetings could have substantial implications for Taiwan's financial sector.
