08.16.2001
UWCCB shares being targeted for purchase

• Development: Lin-Yuan Group has increased holdings in UWCCB to more than 5% after purchasing shares from Taichung Commercial Bank (2812.TT). The group claims it will continue to increase holdings in UWCCB. Fubon Group also indicated interest in UWCCB during an investor conference yesterday.

• Analysis: UWCCB is renowned as the year’s hottest candidate for consolidation in the banking industry as advantages include an extensive branch network, good foreign exchange and a strong securities settlement business.

• Primasia View: Lin-Yuan Group and Fubon will likely further their stake in UWCCB in efforts to expand market share.