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Yuanta Financial's Hong Kong unit appoints chairman

Yuanta Financial Holdings Co. Ltd. unit Yuanta Securities (Hong Kong) Co. Ltd. appointed Chen Hsiu-wei as chairman, effective Feb. 2.

Chen is a director of Yuanta Securities (Hong Kong).

In addition, Yuanta Financial said it completed a reduction of its paid-in capital to NT$118.89 billion from NT$119.89 billion after receiving approval from Taiwan's Ministry of Economic Affairs.

As of Feb. 2, US$1 was equivalent to NT$29.35.