Taiwan’s KGI Securities will acquire the brokerage business of Taishin Financial for NT$29bn ($880bn) to become the second-biggest equity brokerage firm in Taiwan, reports Bloomberg. KGI will pay NT$28bn in cash and NT$1bn worth of stock for the acquisition of Taishin Securities, Taishin Futures and its Hong Kong unit Taishin Securities (HK), the company said Friday.

This entry was posted by Gwen Robinson on Friday, May 15th, 2009 at 5:07 and is filed under Capital markets, M&A. Tagged with KGI, Taishin. Edit this entry.