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FINWIRES

TS Financial Unit Terminates Lease Early

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TS Financial (TPE:2887) unit Taishin Futures will terminate a lease agreement early with related party Shin Kong Life Insurance for office space in Taipei, Taiwan, according to a Monday filing with the Taiwan Exchange.

The early termination is part of a resource integration plan.

The lease, originally due to expire in February 2028, will end on Aug. 31, 2026.

The early termination will reduce Taishin Futures' right-of-use assets by NT$8.94 million and lease liabilities by NT$9.90 million, the company said.

TS Financial expects to recognize a disposal gain of about NT$959,128 from the transaction.

Shares of the financial services provider were down 1% in recent trade.

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