Standard & Chartered Bank rumored to acquire Taiwan banks

According to a South China Morning Post report on Saturday, the Standard & Chartered Bank will raise HK$5 bln in Hong Kong stock market to acquire banks in Taiwan. Market sources revealed that the Standard & Chartered Bank had summated listing application to the Stock Exchange of Hong Kong and is expected to get listed in Hong Kong in the way of recommendation in mid-October when it would make UK and Hong Kong as the primary listing places to raise HK$3-4 bln.

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