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Taishin Securities to set up new unit

Taishin Securities Co. Ltd. plans to establish a new subsidiary that will serve as a general partner of the venture capital businesses and private equity fund.

The new subsidiary is tentatively called Taishin Capital Co. Ltd., according to a March 15 release.

Taishin Securities is still waiting for approval from the Securities and Futures Bureau for the new unit.

Taishin Securities is a unit of Taishin Financial Holding Co. Ltd.