Date
23 October 2017

Taiwan’s First Financial eyes Indonesia targets, paper says

Taiwan’s First Financial Holding Co. Ltd. is seeking mergers and acquisitions (M&A) targets in emerging markets as part of a US$100 million expansion plan, United Daily News reported Tuesday, citing chairman Tsai Ching-nain. The company is in talks with certain banks in Indonesia but has suspended M&A discussions in Thailand due to political turmoil there, Tsai was quoted as saying. Meanwhile, First Financial will open its third mainland branch and its third leasing company in Xiamen, the report said.  

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TL/AC/RA

 

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