TAIPEI: Taiwan's financial regulator is set to approve CTBC Financial Holdings' $890 million acquisition of Taiwan Life Insurance as soon as Monday, local media reported, sending the insurer's stock surging 6.9 percent.
The insurer's shares had slid 6.9 percent on Thursday and lost another 1.8 percent on Friday after the country's Financial Supervisory Commission (FSC) said it would halt its review of the acquisition, without giving further details.
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