Shin Kong Financial Holding Co (新光金控) yesterday said that a director on its board on Thursday proposed creating a task force to study the feasibility of a merger with Taishin Financial Holding Co (台新金控).
The motion was not passed, Shin Kong said.
Shin Kong Financial’s comment came after media reports said that board director Hung Shih-chi (洪士琪) suggested that the company set up a team to assess the feasibility of a merger.
The board did not make a resolution on Hung’s proposal as it was not on the agenda, Shin Kong Financial told the Taipei Times by telephone, adding that it would disclose
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