Taishin and Shin Kong Financial Approve Merger of Investment Advisory Subsidiaries, Aiming to Become FHC's "Investment Brain"

(CNA, Taipei, by reporter Lu Yen-tzu, June 9) Taishin Shin Kong Financial Holding Co. announced today that its subsidiaries, Taishin Investment Consulting Co., Ltd. and Yuanta Investment Consulting Co., Ltd., held separate board meetings today and resolved to approve the merger of the two companies. After the merger, Taishin Investment Consulting will be the surviving company, and Yuanta Investment Consulting will be the dissolved company. The name of the surviving company will remain "Taishin Securities Investment Consulting Co., Ltd.," with the goal of becoming the "investment brain of the financial holding company."

Taishin Shin Kong Financial held a major announcement press conference at the Taiwan Stock Exchange today. Li Zhen-yu, Chief Economist of Taishin Shin Kong Financial and Vice Chairman of Taishin Investment Consulting, explained that the boards of directors of Taishin Investment Consulting and Yuanta Investment Consulting, both under Taishin Shin Kong Financial Holding, passed the merger resolution in their respective meetings today.

Li stated that after the merger, Taishin Investment Consulting will be the surviving company and Yuanta Investment Consulting will be the dissolved company, with the surviving company's name remaining "Taishin Securities Investment Consulting Co., Ltd." The merger plan entails Taishin Investment Consulting issuing new shares as consideration, with an expected exchange ratio of 0.943441 common shares of Taishin Investment Consulting for 1 common share of Yuanta Investment Consulting. The merger record date will be set after obtaining approval from the competent authorities.

Li indicated that after the merger of Taishin Investment Consulting and Yuanta Investment Consulting, they will accelerate the integration of research resources, talent, and back-end systems to enhance overall operational efficiency. For business operations, professional divisions will be established based on international markets, the technology industry, macroeconomics and traditional industries, corporate finance, and integrated marketing to reduce redundant costs, expand the scope of investment research coverage and service capacity, and provide more professional, timely, and diverse investment advisory services to clients, the financial holding company, and its various subsidiaries, thereby realizing merger synergies.

Li said that Taishin Investment Consulting upholds the business philosophy of "talent cultivation, research quality, performance innovation, and brand marketing," and will continue to deepen the breadth and depth of its research, aiming to become the "investment brain of the financial holding company." At the same time, it will continue to strengthen internal controls, legal compliance, and sustainable operations to continuously create higher value for clients, shareholders, and society, opening a new chapter for the investment advisory business. (Editor: Yang Lan-hsuan) 1150609