Taishin Financial Holding Co (台新金控) will complete its merger with Taiwan Securities Corp (台証證券) and Taishin Bills Finance Corp (台新票券) on Jan. 1, 2003, with one Taishin Financial share exchanging for 1.2 Taiwan Securities shares and 1.3 Taishin Bills Finance shares, said Taishin Financial Chairman Thomas Wu (吳東亮) yesterday.
After the merger, Taishin Financial would have increased its assets to NT$42 billion from the current NT$30 billion. It will also have access to a network of 133 outlets nationwide, up from the current 88, Wu said.
Wu said the holding company might revise its 2002 financial forecast after the merger. Its earnings are expected to increase 30 percent year-on-year in 2003, he predicts.
Meanwhile, Wu stressed his determination to improve the Taishin International Bank's (台新銀行) asset quality. Taishin bank, a unit of Taishin Financial that wrote off about NT$10 billion in non-performing loans during the first four months this year, is expected to get rid of an additional NT$10 billion in bad loans by the end of the year, Wu said. Its overdue loan ratio would reach 2.5 percent at the end of this year versus 4.56 percent in April, he estimated.
Taiwanese actress Barbie Hsu (徐熙媛) has died of pneumonia at the age of 48 while on a trip to Japan, where she contracted influenza during the Lunar New Year holiday, her sister confirmed today through an agent. "Our whole family came to Japan for a trip, and my dearest and most kindhearted sister Barbie Hsu died of influenza-induced pneumonia and unfortunately left us," Hsu's sister and talk show hostess Dee Hsu (徐熙娣) said. "I was grateful to be her sister in this life and that we got to care for and spend time with each other. I will always be grateful to
REMINDER: Of the 6.78 million doses of flu vaccine Taiwan purchased for this flu season, about 200,000 are still available, an official said, following Big S’ death As news broke of the death of Taiwanese actress and singer Barbie Hsu (徐熙媛), also known as Big S (大S), from severe flu complications, the Centers for Disease Control (CDC) and doctors yesterday urged people at high risk to get vaccinated and be alert to signs of severe illness. Hsu’s family yesterday confirmed that the actress died on a family holiday in Japan due to pneumonia during the Lunar New Year holiday. CDC Deputy Director-General Tseng Shu-hui (曾淑慧) told an impromptu news conference that hospital visits for flu-like illnesses from Jan. 19 to Jan. 25 reached 162,352 — the highest
TAIWAN DEFENSE: The initiative would involve integrating various systems in a fast-paced manner through the use of common software to obstruct a Chinese invasion The first tranche of the US Navy’s “Replicator” initiative aimed at obstructing a Chinese invasion of Taiwan would be ready by August, a US Naval Institute (USNI) News report on Tuesday said. The initiative is part of a larger defense strategy for Taiwan, and would involve launching thousands of uncrewed submarines, surface vessels and aerial vehicles around Taiwan to buy the nation and its partners time to assemble a response. The plan was first made public by the Washington Post in June last year, when it cited comments by US Indo-Pacific Commander Admiral Samuel Paparo on the sidelines of the Shangri-La Dialogue
COMBINING FORCES: The 66th Marine Brigade would support the 202nd Military Police Command in its defense of Taipei against ‘decapitation strikes,’ a source said The Marine Corps has deployed more than 100 soldiers and officers of the 66th Marine Brigade to Taipei International Airport (Songshan airport) as part of an effort to bolster defenses around the capital, a source with knowledge of the matter said yesterday. Two weeks ago, a military source said that the Ministry of National Defense ordered the Marine Corps to increase soldier deployments in the Taipei area. The 66th Marine Brigade has been tasked with protecting key areas in Taipei, with the 202nd Military Police Command also continuing to defend the capital. That came after a 2017 decision by the ministry to station
RSS