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Longreach set to take control of EnTie

2007-06-16
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Taipei Times
资讯
Longreach set to take control of EnTie

Article reports on the announcement that EnTie Commercial Bank has agreed to sell as much as a 51 percent stake to the Longreach Group for NT$18.8 billion. The article includes comments from Longreach Chairman Mark Chiba, who said that Longreach seeks mid-size investment targets that enable the firm to take a controlling stake in a strategic partnership with existing management, rather than 100 percent control, and that EnTie matched this profile.

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