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Shares of Cosmos Bank fall following announcement of acquisition (2014/02/11)

Today was the first day of trading after Taiwan’s China Development Financial announced it will buy Cosmos Bank at a discount from Monday’s closing price. China Development Financial closed up over one-and-a-half percent, compared to a half a percent gain on the Taiex, while Cosmos Bank closed down. 

China Development Financial announced yesterday that it would acquire Cosmos Bank through a share transfer. Today, shares of Cosmos Bank fell by over 4 percent while those of China Development Financial rose by over one-and-a-half percent. 

Richard Chang
Cosmos Bank President
Originally, Cosmos Bank faced a development bottleneck and capital limitations. I believe that this merger will lead to abundant capital and allow for excellent development of the commercial bank.

The merger can be completed as early as July, pending approval. Also present was Paul Yang, the president of China Development Financial. He welcomed the staff of Cosmos Bank and made a promise to its 1,600 employees.

Paul Yang
China Development Financial Pres.
Staff will have a guarantee period of one year. There isn’t much overlap between the two companies, so we really need Cosmos Bank workers to remain in their positions and continue working. 

Cosmos Bank was in the red before China Development Financial first bought a stake in it. In 2012, Cosmos Bank finally began to turn a profit, and now hopes that this latest deal will lead to an even better future.

開發併萬泰

原本已經持有萬泰銀部分股份的開發金,這回宣布,以每股13.4元,總價230多億元收購萬泰銀,消息一出,萬泰銀與開發金今天的股價分別下跌及上漲。

開發金昨晚才宣布,以股權轉換方式,併購萬泰銀, 萬泰銀今天的股價,跌幅達4%,反觀開發金則維持平穩,開盤後一路上揚,漲幅達1.6%,合理反映出併購行情。

[[萬泰銀總經理 張立荃]]
原本(萬泰)發展上的瓶頸,也受限於資本部分,我相信這次合併,資本的厚實,會讓商銀未來的發展,會變得非常的好。

開發金總經理楊文鈞代表公司,歡迎萬泰員工加入大家庭,兩家公司最快在7月份完成併購,至於萬泰銀約1千6百名員工去留,楊文鈞也許下承諾。

[[開發金總經理 楊文鈞]]
(員工)保障期是一年,我們的重疊性真的很少,所以我們真的很需要,萬泰的同仁繼續在崗位上,繼續服務繼續打拚。

原本虧損不斷的萬泰銀,自從開發金入股後,2012年開始轉虧為盈,這回的合併案,未來的發展各界都在看。

 

本文引用自 民視新聞網 http://news.xn--1qws34d.com/

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