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Review of Taishin’s Prudential takeover not finished: FSC By Kao Shih-ching / Staff reporter The Financial Supervisory Commission (FSC) has yet to approve Taishin Financial Holding Co’s (台新金控) bid for Prudential Life Insurance Co of Taiwan (保德信人壽), although the Fair Trade Commission approved the planned takeover in November last year. The commission last week said that it needs more information from Taishin Financial, which filed its takeover application on Jan. 8, regarding its financial resources and investment plans. Taishin Financial in August last year announced that it aims to acquire the life insurer for NT$5.5 billion to NT$8.5 billion (US$193.74 million to US$299.42 million), and that it would take a short-term loan and consider selling 300 million shares of state-run Chang Hwa Bank (CHB, 彰化銀行) to fund the deal.

T ai peiChang hwaZhanghua xianShih chiung hwaSherri chuangInternational financial reporting standardsChang hwa bankInsurance bureauBanking bureauPrudential life insurance coTaishin financial holding coFinancial supervisory commissionFair trade commissionKao shih chingTaishin financialBureau director general sherri chuang