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SinoPac Securities clarifies media report on regulatory investigation

SinoPac Securities Corp. plans to "demand corrections" to a report about an investigation by Taiwan's Financial Supervisory Commission of potential share trading breaches.

The company will issue a lawyer's letter to Mirror Media regarding the "false report," according to a March 21 stock exchange filing.

The filing did not specify the alleged errors made in the article on the FSC's investigation of possible regulatory breaches in the trading of shares of Tatung Co. by Chinese funds.

SinoPac Securities is a wholly owned unit of SinoPac Financial Holdings Co. Ltd.