FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: CTBC Bank Opens NT$100 Million Asset Management Branch

By

CTBC Financial (TPE:2891) unit CTBC Bank opened its Asia Bay Branch in Kaohsiung, Taiwan, after investing NT$100 million in the flagship outlet, CNA reported Monday.

The new branch will support Taiwan's drive to develop an Asian asset management center. The branch is the lender's 159th nationwide and 17th in Kaohsiung, offering retail banking, wealth management and private banking services under one roof, accoridng to Taiwan's national news agency.

Chairman Chen Chia-wen said CTBC held more than a 25% market share in both clients and assets in the Kaohsiung asset management zone as of end-May. He added the bank intends to further expand the branch, which is its first location situated off a main street and one of only two branches offering Saturday consultation services, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Claimants Withdraw Lawsuit Against PropNex's Arm

PropNex (SGX:OYY) said a lawsuit filed against the company's wholly-owned subsidiary, PropNex Realty, as a co-defendant, has been dropped, according to a Friday filing to the Singapore stock exchange.The claimants have discontinued and withdrawn the suit, the statement said.PropNex Realty was named as one of three co-defendants in a lawsuit filed in the High Court of Singapore in February. According to the lawsuit, claimants sought damages against PropNex Realty for alleged breach of duty of care and sought compensation of around SG$367,405 in damages.The withdrawal of the case is not expected to have any material impact on the financial position and performance of the group for the financial year ending Dec. 31.PropNex's shares were down nearly 1% in Monday's trade.

SGX:OYY
Asia

Dawning Information Industry Proposes Convertible Bond Issue for AI, Storage Push

Dawning Information Industry (SHA:603019) on Monday filed a prospectus for a convertible bond issue to unspecified investors.Proceeds are earmarked toward an artificial intelligence computing cluster system, a next-generation AI training-inference integrated machine and a domestic advanced storage system.Shares of the supercomputer manufacturer were down 1% in recent trade.

SHA:603019
Asia

Ampol Secures KKR as Cornerstone Investor in AU$400 Million Financing Transaction; Shares Up 3%

Ampol (ASX:ALD) secured a cornerstone investment from KKR in its AU$400 million financing transaction, according to a Monday statement from the investment firm.KKR is making this investment from its Asia Pacific Credit strategy and insurance platform, with support from Clifford Capital.Ampol will use the funds for refinancing initiatives and other general corporate purposes.Ampol's shares rose nearly 3% in recent trading on Monday.

ASX:ALD