CTBC Expects to Top Up Shareholding in LHFG to 46.6% with an Investment of ฿4.2Bn
CTBC expected to acquire nearly 11% of shareholding in LHFG with an asset acquisition of 4.2 billion baht to top up its stake to 46.6%.
CTBC expected to acquire nearly 11% of shareholding in LHFG with an asset acquisition of 4.2 billion baht to top up its stake to 46.6%.
4 มิ.ย. 2564

LH Financial Group Public Company Limited (LHFG) has announced that CTBC Bank Company Limited (CTBC) is expecting to increase its stake in LHFG to more than 46%.
 
LHFG stated that CTBC showed the intent to acquire shares from Ms. Piangjai Harnpanij and Mr. Pairoj Paisarnsrisomsuk, totaling 10.99% of total number of shares with voting rights and total paid-up shares in the total value of approximately 4.2 billion baht.
Once the acquisition is successful, CTBC will have the total shareholding of 46.607% of total number of shares with voting rights and total paid-up shares. The transaction settlement is subject to approvals from relevant regulatory authorities of Taiwan and the Bank of Thailand.
 
The company, therefore, would like to inform that such matters are currently under consideration by the authorities of Taiwan.
 
Currently, CTBC is the major shareholder of LHFG with a shareholding position of 35.62%.