Major state-run financial holding firms change leadership, approve dividendsBy Crystal Hsu / Staff reporterMajor state-run financial holding companies yesterday formalized leadership reshuffles, and shareholders approved their dividend proposals. Taiwan Cooperative Financial Holding Co (合庫金控) chairman Lei Chung-dar (雷仲達) yesterday morning hosted the group’s annual shareholders’ meeting for the last time and assumed the leadership at Mega Financial Holding Co (兆豐金控) in the afternoon. Lei said Mega Financial has proved to be the most profitable among state-run financial conglomerates, backed by robust foreign currency transactions and bills financing. Taiwan Cooperative Financial has had impressive showings in land financing, commercial banking and trust business, Lei said. Lei’s appointment to Mega Financial was earlier delayed by malpractices on the part of its asset management subsidiary.

Source: Taipei Times June 16, 2023 20:21 UTC