Lee and Li Assists King’s Town Bank in Share Exchange with SinoPac Holdings

On June 16, 2025, Taiwan’s Financial Supervisory Commission approved SinoPac Holdings’ share swap acquisition of King’s Town Bank (KTB). SinoPac will acquire 100% of KTB’s shares for NT$59.9 billion (US$1.82 billion) through a combination of both cash and shares issued by SinoPac Holdings. Both SinoPac Holdings and KTB approved the share swap plan at their respective extraordinary shareholders meetings in March. Upon completion, KTB will become a wholly owned subsidiary of SinoPac Holdings, and Bank SinoPac’s domestic branch number will increase to 191, positioning it as the largest private bank branch network in Taiwan. This transaction represents a significant consolidation milestone in the domestic financial sector.

Lee and Li is privileged to represent King’s Town Bank in this transaction, providing comprehensive legal support throughout the acquisition process, including contract negotiation, execution, and post-closing procedures. Our firm successfully facilitated the transaction between the parties, ensuring seamless progress and underscoring Lee and Li’s expertise in financial mergers and acquisitions.

💼Introduction to Lee and Li's Mergers and Acquisitions - Financial Institutions Practice Group: https://www.leeandli.com/EN/Specialty/202B.htm

🔎Relative News:
Taiwan News | Taiwan financial agency approves SinoPac Holdings’ acquisition of King’s Town Bank 
Taipei Times | Shareholders approve SinoPac’s KTB takeover plan