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Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal

Taishin raises offer for Shin Kong in what could be Taiwan's biggest financial deal

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

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger.