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Shareholders of Chang Hwa Bank were fined

The shareholders of Chang Hwa Commercial Bank Ltd., including the same person or same concerned party, failed to report their holdings in violation of Paragraph 2, Article 25 of the Banking Act. In response, the FSC imposed a fine of NT$6 million on the shareholders involved in accordance with Paragraph 3, Article 128, and Paragraph 7, Article 25 of the Banking Act. The excess shares not reported shall have no voting rights and the shareholders involved have been ordered to dispose of them within a set period of time.
 
Visitor: 686   Update: 2018-10-05