Mega Financial Holding Co.'s Subsidiary Mega International Commercial Bank Co., Ltd. Announces Plan to Sell Non-Performing Loans
Mega International Commercial Bank Co., Ltd., a subsidiary of Mega Financial Holding Co., announced its plan to sell non-performing loans related to the 63 MADISON OWNER LLC loan case at its New York branch. This move is seen as part of the bank's asset optimization and risk management strategy.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:53 (53 min after Collected)
1. Date of occurrence of the event: 2026/05/08
2. Company name: Mega International Commercial Bank Co., Ltd.
3. Relationship with the Company (please enter 'the Company' or 'subsidiary'): Subsidiary
4. Shareholding ratio: 100%
5. Reason for the occurrence: Proposed sale of non-performing loans from the New York Branch's 63 MADISON OWNER LLC loan case.
6. Countermeasures: Not applicable
7. Other matters that need to be specified (if the subject of the event or resolution is a public offering company or above, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): Not applicable
2. Company name: Mega International Commercial Bank Co., Ltd.
3. Relationship with the Company (please enter 'the Company' or 'subsidiary'): Subsidiary
4. Shareholding ratio: 100%
5. Reason for the occurrence: Proposed sale of non-performing loans from the New York Branch's 63 MADISON OWNER LLC loan case.
6. Countermeasures: Not applicable
7. Other matters that need to be specified (if the subject of the event or resolution is a public offering company or above, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): Not applicable