Pou Chen Group plans huge investment

Taiwan-based Pou Chen Group may spend US$60 million in increasing its stakes in Mega Financial Holding Co, aiming for bigger market share in middle Taiwan, sources reported.

By last year end, Pou Chen Group, through its subsidiaries, owns 7% stakes in Mega Financial, the third largest financial firm in Taiwan by assets.

The company also bought a piece of land in middle Taiwan after the presidential election on Mar. 22. It now plans to develop the land this year, the report said.

Footwear and electronics are the core businesses of the company which has now transformed itself to be an industrial holding company.