FSC rejects CTBC Financial's tender offer to acquire Shin Kong Financial

Taiwan's Financial Supervisory Commission (FSC) on Monday rejected an application filed by CTBC Financial Holding Co. to launch a tender offer to acquire Shin Kong Financial Holding Co., boosting the odds for Taishin Financial Holding Co. to buy Shin Kong Financial through a merger.

(Full text of the story is now in CNA English news archive. To view the full story, you will need to be a subscribed member of the CNA archive. To subscribe, please read here.)