Taishin Financial again looks to MOF to recoup loss from CHB investmentBy Kao Shih-ching / Staff reporterTaishin Financial Holding Co (台新金控) once again yesterday urged the Ministry of Finance (MOF) to compensate it for a loss incurred when it invested in state-run Chang Hwa Commercial Bank (CHB, 彰化銀行), after the ministry rejected its request last week. Taishin Financial Holding Co chairman Thomas Wu, center, presides over the company’s annual general meeting in Taipei on Friday. “On June 10, Taishin sold 200 million shares of CHB at NT$15.58 per share, lower than the share’s closing price of NT$16.7 that day. It was Taishin that decided to sell its CHB shares at a lower price,” the ministry said in a statement yesterday. Taishin’s share price yesterday edged up 0.29 percent to NT$17.2 in Taipei trading, while CHB’s share price dipped 0.6 percent to NT$16.6, Taiwan Stock Exchange data showed.
Source: Taipei Times July 26, 2021 15:56 UTC