CTBC Group is in talks to buy up to a 40 % stake in parent company LH Financial Group 's banking business ; the deal will be a non - binding deal worth $ 450 m . This marks the latest expansion by CTBC in China and Southeast Asia as it continues to diversify its sources beyond its competitive domestic market .
CTBC Financial is in talks to buy up to a 40% stake in Thai company LH Financial Group's banking unit; the deal would be a non-binding proposal worth $450m. This marks the latest expansion by CTBC in China and Southeast Asia as it looks to diversify revenue sources beyond its competitive domestic market.