Taiwan’s Mercuries Life Said to Weigh Options Including Sale

(Bloomberg) – Mercuries Life Insural Co., according to people familiar with the issue, Taiwan’s financial services industry, including more consolidation, including options, including options.

The company works with consultants to measure the first interest of potential buyers, said people, said the process is not defined because it is special. He said that a sale could attract local and international players.

The Mercuries Life, listed in Taipei, rose to 3.6% on Wednesday morning, increasing the biggest gain and annual loss to about 15% this month. Taiwan’s comparison index fell 1.8% from 9:30 on Wednesday.

Another option may be selling a share rather than the whole job, as well as issues are preliminary and may not lead to a process, he added. The company’s market value is 1 billion dollars.

Mercuries Life, Taiwan’s Financial Supervision Commission’s plus signs, the company’s capital atheism to implement a plan to implement a plan to violate the rules, saying. It was said to complete the process by the end of the year and give more details before the end of August.

In response to Bloomberg News’s queries, Mercuries Life said that it aims to increase capital and seek potential partnerships at home or abroad and consider all options.

Although the company is open to proposals from abroad, Chinese bidder holders are less likely because they need the approval of more than one state institution that can prevent agreements in sensitive sectors such as the financial industry for national security reasons.

Taiwan is trying to remove the financial industry to make the economy less dependent on the technology sector. For life insurers, the weak US dollar, especially Taiwan’s life insurance industry 522 billion NT (17.3 billion dollars) posted foreign change loss, in the first half of the year, as it dragged the value of foreign currency assets.

Other Taiwan transactions, Taishin Financial Holding Co. and Shin Kong Financial Holding Co.

Mercuries Life, which was founded in 1993 and listed in 2012, offers products such as life, health, accident and other insurance types according to its website.

With the help of Chien-Hua Wan and Argin Chang.

(Updates with the share price reaction in the third paragraph.)

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