Brokerage consolidation

Brokerage consolidation in Taiwan continues with bid for KGI

Taiwan's China Development Financial Holdings offers $1.8 billion to take over KGI Securities with the aim of merging it with its own brokerage unit Grand Cathay Securities.
<div style="text-align: left;"> Participants in Taiwan’s securities industry are struggling to cope with a stagnant market </div>
<div style="text-align: left;"> Participants in Taiwan’s securities industry are struggling to cope with a stagnant market </div>
April 12, 2012

The bid by China Development Financial Holdings (CDFH) for KGI Securities last week is the latest in a series of takeovers in Taiwan’s securities industry as participants struggle to cope with a stagnant market where daily trading volumes are no longer growing.

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