SinoPac Shareholders Approve 1.3 TWD Dividend; Merger with King's Town Bank Set for Q1 Next Year

SinoPac Financial Holdings held its annual general meeting on May 26, approving a dividend of 1.3 TWD per share (1.1 TWD cash, 0.2 TWD stock), the highest since the company's inception. General Manager Chu Shih-ting announced that King's Town Bank is expected to merge with Bank SinoPac in the first quarter of next year, with internal integration efforts currently underway. Chairwoman Chen Szu-kuan highlighted Taiwan's critical role in the global AI supply chain and emphasized the company's focus on capital strengthening and overseas expansion. SinoPac is currently prioritizing three major M&A deals: Amret in Cambodia, King's Town Bank, and Taiwan Hwatai Securities, aiming to focus on core business expansion despite short-term market volatility.