trending Market Intelligence /marketintelligence/en/news-insights/trending/EkGj2RRburAkmdfIfqgGuA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

LH Financial, CTBC Bank extend period for share subscription agreement

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


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.