10.17.2001
UWCCB may disclose FHC preference today

• UWCCB will hold a director’s meeting to discuss the blueprint of its financial holding company (FHC). Bank may decide whether to form a holding company with Fubon Group, Lin Yuan Group or keep it in-house. Market expects Lin Yuan a more likely candidate owing to its aggressiveness in acquiring UWCCB shares. On the other hand, government-linked banks hold more than 20% of UWCCB shares and their influence may be important in determining the bank’s stance. Meanwhile, major shareholders claim to be neutral towards both Fubon and Lin Yuan. Cooperation with either group would be helpful in expanding UWCCB’s consumer finance business, especially the insurance division.