CTBC Holding suffered no losses from transaction

Jeffrey Koo Jr (辜仲諒) is chairman of Chinatrust Charity Foundation.

TAIPEI (The China Post) — CTBC Financial Holding Co. Ltd. (CTBC Holding) announced Monday that its subsidiary has successfully recovered from the cost of relevant investment in overseas non-performing assets.

The subsidiary has increased its earnings and suffered no loss, the company said.

CTBC Holding added that it has suffered no loss in the process of acquiring TLG Capital and that the benefits generated by the acquisition have been fully reflected in its financial statements, with substantial revenue growth achieved. ●

CTBC Financial Holding Co. Ltd. is a holding company principally engaged in the finance industry through its eight major subsidiaries. (Courtesy of CTBC Holding)
CTBC Financial Holding Co. Ltd. is a holding company principally engaged in the finance industry through its eight major subsidiaries. (Courtesy of CTBC Holding)