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Report: Taishin Financial considering more securities brokerage M&A

Taishin Financial Holding Co. Ltd. is considering further acquisitions to complement its purchase of Ta Chong Securities Co. Ltd. and boost its securities operations, Taiwan's Economic Daily News reported Nov. 21.

The company is on the lookout for M&A opportunities in the securities sector in 2018, the report cited Welch Lin, Taishin Financial CFO and Taishin Securities Co. Ltd. chairman, as saying.

Potential targets include Horizon Securities Co. Ltd., TaChan Securities Co. Ltd., Ta Ching Securities Co. Ltd., Concord International Securities Co. Ltd., Dah Chang Securities Co. Ltd., Da-Din Securities Co. Ltd., Primasia Securities Co. Ltd. and Shing Fong Securities Co. Ltd.

In response, Taishin Financial said in a same-day filing that the report is media speculation.