Wu Hsin-Ju Transfers All Shares, Potentially Expressing Dissatisfaction with New Synergy Merger

The merger between Shin Kong Financial and Taishin Financial, dubbed 'New Synergy,' has officially commenced. Recently, the Financial Supervisory Commission approved the merger, but former Shin Kong chairman Wu Dong-Jin's daughter, Wu Hsin-Ju, today reported divesting all her shares, transferring 3,630 shares of Shin Kong Financial, raising speculation about her potential dissatisfaction with the merger.
According to the Financial Supervisory Commission's approval, Taishin Financial Holdings is set to absorb Shin Kong Financial Holdings on March 31, with the merger's base date set for July 24, at which point Shin Kong Financial will officially delist. The merger process is currently underway.
Today, Luna Wu reported a transfer of 363,592 shares, with the sale period scheduled from April 28 to May 27. Throughout the previous discussions regarding the merger, Wu Hsin-Ju consistently held a position of opposition, having publicly criticized the merger as lacking sincerity and trustworthiness, resulting in her dissenting vote. With the merger still in progress, her decision to divest a relatively small number of shares raises questions about whether she intends to express her protest.