CTBC Takeover Plan Is a Threat to Taiwan’s Biggest Life Insurers
- CTBC seeks to become island’s largest financial group
- Taiwan authorities are seeking to boost finance industry
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CTBC Financial Holding Co.’s proposed takeover of its Taiwanese rival Shin Kong Financial Holding Co. would create a new entity to take on Taiwan’s dominant life insurers.
A combination of CTBC and Shin Kong, Taiwan’s fifth and sixth largest life insurer, respectively, would rank just behind industry leader Cathay Life Insurance Co., according to Morgan Stanley Taiwan Ltd. analyst Peggy Shih.