SinoPac Financial Holdings Co. Ltd. unit SinoPac Securities (Asia) Ltd. plans to absorb two wholly owned units, Reuters reported Dec. 15, citing a Chinese-language statement.

Record date for the merger is Feb. 13, 2017. Following the merger, the two units, Tung Shing Futures (Brokers) Ltd. and Tung Shing Securities (Brokers) Ltd., will be dissolved.