trending Market Intelligence /marketintelligence/en/news-insights/trending/EkGj2RRburAkmdfIfqgGuA2 content esgSubNav
In This List

LH Financial, CTBC Bank extend period for share subscription agreement

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021

Blog

Banking Essentials Newsletter: November Edition 2021 - Part 2


LH Financial, CTBC Bank extend period for share subscription agreement

Thailand-based LH Financial Group PCL's board passed a resolution to extend the deadline for the co-investment period under a share subscription agreement with Taiwan's CTBC Bank Co. Ltd. to Sept. 30, 2017, from Dec. 31.

CTBC Bank, a unit of CTBC Financial Holding Co. Ltd., previously agreed to subscribe to new shares, resulting in the Taiwanese bank owning a 35.6% stake in LH Financial.

The transaction is expected to expand LH Financial unit Land & Houses Bank PCL's business and increase CTBC Bank's overseas revenues.