Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Taiwan
  4. Taiwan Stock Exchange
  5. Taishin Financial Holding Co., Ltd.
  6. News
  7. Summary
    2887   TW0002887007

TAISHIN FINANCIAL HOLDING CO., LTD.

(2887)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Taishin gains conditional approval for purchase of Prudential unit

06/01/2021 | 05:23am EDT

TAIPEI, June 1 (Reuters) - Taiwan has given conditional approval for Taishin Financial Holding Co's purchase of Prudential Financial Inc's Taiwan unit, which it agreed to buy last year for T$5.5 billion ($199.41 million).

Taiwan's Financial Supervisory Commission on Tuesday said it had granted approval on Monday but Taishin would have to place its stake in Chang Hwa Commercial Bank in a trust to guarantee its future capital needs.

The U.S. insurer is exiting some Asian markets and in April last year sold its South Korean unit to KB Financial Group Inc for $1.89 billion. ($1 = 27.5980 Taiwan dollars) (Reporting by Emily Chan; Writing by Ben Blanchard; Editing by Nick Macfie and David Goodman )


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CHANG HWA COMMERCIAL BANK, LTD. -1.80% 16.4 End-of-day quote.-7.72%
KB FINANCIAL GROUP INC. 0.00% 52100 End-of-day quote.20.05%
MSCI TAIWAN (STRD) -0.22% 707.459 Real-time Quote.18.85%
PRUDENTIAL FINANCIAL, INC. -0.45% 103.14 Delayed Quote.32.11%
TAISHIN FINANCIAL HOLDING CO., LTD. -1.09% 18.2 End-of-day quote.43.60%
All news about TAISHIN FINANCIAL HOLDING CO., LTD.
09/07TAISHIN FINANCIAL HOLDING CO., LTD. : 4.542637% Stock Dividend
FA
09/07TAISHIN FINANCIAL HOLDING CO., LTD. : Ex-dividend day for final dividend
FA
08/20Taishin Financial Holding Co., Ltd. Reports Earnings Results for the Second Q..
CI
07/23Taishin Financial Holding Co., Ltd. Announcement of Taishin Bank on the Turno..
CI
07/22Taishin Financial Holding Co., Ltd. Announces Chief Financial Officer Changes
CI
06/30Taishin FHC Announces the Change of Audit Committee Members on Behalf of Prud..
CI
06/24Taishin Financial Holding Co., Ltd. Announces the Appointment Steve Sun as Ch..
CI
06/01Taishin gains conditional approval for purchase of Prudential unit
RE
05/21Taishin Financial Holding Co., Ltd. Reports Earnings Results for the First Qu..
CI
05/20MARKET CHATTER : Prudential Agrees to Delay Sale of Taiwanese Unit to Taishin
MT
More news
Financials
Sales 2021 49 732 M 1 790 M 1 790 M
Net income 2021 20 011 M 720 M 720 M
Net Debt 2021 - - -
P/E ratio 2021 10,7x
Yield 2021 3,38%
Capitalization 208 B 7 474 M 7 474 M
Capi. / Sales 2021 4,18x
Capi. / Sales 2022 4,31x
Nbr of Employees 9 749
Free-Float 80,4%
Chart TAISHIN FINANCIAL HOLDING CO., LTD.
Duration : Period :
Taishin Financial Holding Co., Ltd. Technical Analysis Chart | 2887 | TW0002887007 | MarketScreener
Technical analysis trends TAISHIN FINANCIAL HOLDING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 18,20 TWD
Average target price 16,43 TWD
Spread / Average Target -9,71%
EPS Revisions
Managers and Directors
Welch Lin General Manager & Spokesman
Chao Yin Lai CFO, Deputy Spokesman & Deputy GM
Tung Liang Wu Chairman
Yi Fu Lin Independent Director
Min Yue Chang Independent Director