Mega Bank Plans to Acquire Remaining Shares of Cambodia's AMRET PLC in One Transaction

(Central News Agency, Taipei, 22nd) Mega Financial Holding announced that its subsidiary, Mega International Commercial Bank, plans to change its acquisition of the remaining equity of Cambodia's AMRET PLC from a phased approach to a one-time purchase. Upon completion of the acquisition, it is expected to expand the bank's overseas footprint, scale up business, and enhance Mega Bank's ESG capabilities. Mega Financial Holding stated that this case will be submitted to the competent authorities for approval, and after obtaining approval, the settlement will be completed in accordance with the share purchase agreement. According to the announcement, Mega Bank's board of directors approved the acquisition of 100% of AMRET's equity in three stages on May 4, 113 (2024). The first stage saw the acquisition of approximately 80% of the shares on January 14, 114 (2025). This time, it is proposed to change to a one-time acquisition of the remaining shares, with Mega Bank acquiring 19.5% and Mega Financial Leasing acquiring 0.5%. The counterparties to this transaction are FMO and IFC, the major shareholders of AMRET PLC. The acquisition is for cash, and the source of funds is Mega Bank's own capital. Mega Financial Holding pointed out that AMRET PLC is a micro-deposit financial institution in Cambodia.