A major Taiwanese shareholder in Land and Houses Financial Group, has increased its stake by 11%. Taiwan-based CTBC Bank Co completed its latest acquisition of LHFG shares on September 8. The Taiwanese bank purchased 10.9% of the total issued and voting shares from Piangjai Harnpanij and Pairoj Paisarnsrisomsuk for 4.2 billion baht. Mr Vichian said CTBC decided to raise its stake in LHFG because the Taiwanese company saw greater business opportunities in Thailand. The Taiwanese bank has 116 networks in 14 countries worldwide, including the US, Canada, Japan, India, Indonesia, Philippines, Vietnam, Hong Kong, Singapore and China.

Source: Bangkok Post September 08, 2021 23:48 UTC