Taiwan's CTBC drops bid to acquire rival Shin Kon

Taiwan's CTBC drops bid to acquire rival Shin Kon

FILE PHOTO: A general view of Taipei skyline during sunrise in Taipei, Taiwan, September 29, 2022. REUTERS/Ann Wang/File Photo

Taiwan’s CTBC has dropped its bid to acquire rival Shin Kong, the financial conglomerate said on Friday, citing objections from regulators.