From BigGo Finance · BigGo Finance · · 1m 30s
Taiwan State-Owned Financial Holdings Merge
Taiwan's four state-owned financial groups merge into one asset manager by 2028.
In brief
Taiwan's four state-owned financial groups merge into one asset manager by 2028. Taiwan's four state-owned financial holding companies will merge into a single asset management entity by January 2028, creating the country's largest state-owned asset manager. Originally reported by BigGo Finance.
State-Owned Financial Holdings Approve Merger
Taiwan's four state-owned financial holding companies approved a four-way merger on the 22nd.
First Securities Investment Trust Survives
First Securities Investment Trust will be the surviving entity and retain its name.
Share-Swap Ratios Unveiled
Each First Securities Investment Trust share gets 1.4532 Mega International Investment Trust shares, 2.7321 Taiwan Cooperative Investment Trust shares, and 4.4140 Hua Nan Investment Trust shares.
Post-Merger Ownership Structure
First Financial Holding holds 50.3%, Mega Financial Holding 30.4%, Taiwan Cooperative Financial Holding 9.8%, and Hua Nan Financial Holdings 9.5%.
Combined Assets Under Management
The four asset managers had combined fund assets of about NT$390.4 billion (approximately $12.0 billion) across 99 funds as of the end of August.
Merger Record Date Set
Jan. 1, 2028 has been tentatively set as the merger record date.
Regulatory Approval Timeline
The case is expected to be filed with Taiwan's Financial Supervisory Commission Banking Bureau before the end of October and will take effect after regulatory approval.
Post-Merger Market Position
The combined entity will rank 12th in the market by assets under management, aiming to break into Taiwan's top ten.
Employee Retention Plan
Employee arrangements will offer all staff three years of employment rights, retention bonuses, early-retirement and voluntary-separation programs.
The takeaway
Taiwan's four state-owned financial holding companies will merge into a single asset management entity by January 2028, creating the country's largest state-owned asset manager.
