BoComm may invest in Taishin Financial Holding

Published: 20 Nov 2008 17:16:27 PST

Nov. 20, 2008 (China Knowledge) - China's Bank of Communications (BoComm)<601328><3328>, the country's fifth largest commercial lender, plans to invest US$100 million to Taishin Financial Holding Co, the Taibei-based newspaper Commercial Times reported on Wednesday, citing unnamed sources.

According to Lin Keh-Hsiao, president of Taishin Financial Holding Co, five major commercial lenders in the Chinese mainland have contacted Taishin in the past year.

However, no further details have been disclosed up till now.

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