Taipei: Mega Financial Holding, Taiwan's second largest listed financial group, said yesterday it was considering buying a Hong Kong bank, following Fubon Financial's plan to buy International Bank of Asia.
"We are evaluating the feasibility of buying a Hong Kong bank, just like Fubon, as the springboard to enter the mainland market, " Mega President Lin Tzong Yeong told an institutional investor conference. He did not elaborate.
The news came after the close of yesterday's trade when Mega shares rose 3.13 per cent to close at T$19.80, outperforming a 0.88 per cent rise in the main TAIEX index.
Edited by taiwan.cn chief editor Li Guixiang.
