DEFINING HOSTILE: Only six local financial holding companies and seven banks meet the Financial Supervisory Commission’s requirements to launch hostile takeovers, it said

Taipei Times
Date: Jul 26, 2018
By: Ted Chen  /  Staff reporter

Prospective buyers staging hostile takeovers in the financial sector would face additional checks on their business performances, financial conditions and overseas expansion capabilities, as well as their records in corporate social responsibility initiatives, the Financial Supervisory Commission said yesterday.

The decision came after the commission laid out its requirements for merger-and-acquisition (M&A) deals in the sector.

The commission said it plans to finalize its policy on promoting consolidation in the industry by October and to begin accepting applications in November.

Six financial holding companies and seven banks meet the commission’s requirements to launch hostile takeovers, the commission said.
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