Taiwan regulator okays CTBC buying stake in Thailand's LH Financial

CTBC Financial Holding Co

07/03/2017 09:49

TAIPEI, March 7 (Reuters) - Taiwan's financial regulator 
approved a deal for CTBC Financial Holding Co  2891.TW  to buy a 
35.6 percent stake in Thailand's LH Financial Group  LHBANK.BK  
for 16.6 billion baht ($473.20 million), according to a 
statement on its website.  
    The deal was announced last year in March, signalling the 
latest expansion by Taiwan's banks which have been moving into 
China and Southeast Asia to diversify revenue from their 
competitive home market.  urn:newsml:reuters.com:*:nL3N1711U5  
     
 
($1 = 35.0800 baht) 
 
 (Reporting by Jess Macy Yu; Editing by Christian Schmollinger) 
 ((JessicaMacy.Yu@thomsonreuters.com; +886 2500-4882 x501;)) 
 
Keywords: CTBC HOLDING LH FINANCIAL/REGULATOR