Ta Chong Securities shares rise on confirmation of acquisition deal

Focus Taiwan
Date: 2017/03/13
By: Tien Yu-pin and Frances Huang

Taipei, March 13 (CNA) Shares of Ta Chong Securities (大眾證券) soared Monday morning after Taishin Securities announced over the weekend that it planned to acquire the company at a premium of almost 9 percent, dealers said.

However, the upturn in Ta Chong shares seemed limited as the stock had already been gaining significantly in recent sessions on speculations over the acquisition deal, dealers said.

As of 10:30 a.m., shares of Ta Chong Securities were up 6.31 percent at NT$10.95 (US$0.35) on the local over-the-counter market, while the index had climbed 0.72 percent to 134.99 points.    [FULL  STORY]