Dingxin Group wants to sell Taiwan Star. Buyers are active.

Dingxin Group wants to sell Taiwan Star. Buyers are active.

Dingxin wants to sell Taiwan Star. Buyers from all sides are active.

Unable to withstand the loan pressure, Dingxin Group is reported to be selling its stake in Taiwan Star, including the three major telecommunications companies and Taiwan Star shareholders are all said to be interested in taking over. However, Dingxin issued a statement earlier that there are indeed potential buyers in the market who have expressed high interest, but Dingxin Group has not made any strategic decision and does not deny the sale of its stake in Taiwan Star, but the buyer has not yet come out.

Dingxin Group has confirmed that it will sell all its shares in 4G recruits Taiwan Star. It is reported that following far-reaching and Chunghwa Telecom's intention to undertake, other Taiwan Star shareholders Cathay Pacific Financial Holdings, CITIC and Zhengwei Group also want to jointly contribute 10 billion yuan to acquire its 52% stake in Taiwan Star from Dingxin Wei Jia, which is the largest equity transfer in Taiwan's telecom industry in recent years.

After the outbreak of the cooking oil storm last year, Dingxin Group gradually withdrew from Taiwan, planned to sell its stake in Taipei 101 one after another, and used family funds to repay 6.5 billion yuan in bank loans. In addition, the three new Yan land mortgage will also be cancelled, previously planned to donate 3 billion yuan to set up a food security fund funds are also in place.

Taiwan Star was established in 2013 with a capital of 20 billion yuan and a 4G license to merge Weibao Telecom. It is understood that the board of directors of Taiwan Star has recently discussed the issue of other shareholders taking over the new equity, but there is no conclusion as to who will dominate and the ratio of shares allocated by each company in the future.

▲ Dingxin Group wants to sell Taiwan Star. Buyers are active.