First FHC: No 'Public-Private Merger' Planned; 4-in-1 State-Owned Trust Merger Under Review
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
Following the Ministry of Finance's evaluation of a "public-private merger," market rumors suggested First Financial Holding (FHC) would be a pioneer, causing its stock to plummet on May 20 with a trading volume exceeding 170,000 lots. First FHC issued a statement denying any current plans for such a merger and noted that the ongoing review of a 4-in-1 merger of state-owned investment trusts would have a minimal impact, as the trust business accounts for less than 1.5% of its assets and profits. Meanwhile, in the legislature, discussions also covered the board election of International Bills Finance Corp. and the future of the "New Youth Peace of Mind" mortgage program.