CDF, with CDIB under Angelo Koo, Secures Strong Performance under Pandemic with Strategic Acquisition
Merxwire
12 May 2022, 20:15 GMT+10
Taipei, Taiwan (Merxwire) - Uncertainty among the global markets has made every detail of company operations to become magnified, whether that is on financial reports or during shareholder meetings. Periods of high fluctuations and difficulty to speculate may lead businesses to wait it out, or to double down on efforts focusing on one aspect of their company.
The China Development Financial Holding Corporation (CDF) (TWSE:2883) has taken on a different approach. CDF has recently identified the investment trend and has since included China Life as a fully owned subsidiary from December last year. The acquisition of China Life is a key step in boosting the efficiency of long-term capital utilization and to building solid profits. With the additional line of services available to offer, CDF has a new horizon of future opportunities in cross selling and relevant promotions.
The CDIB Capital International, the private equity arm of CDF chaired by Angelo Koo, has also contributed to CDF's performance with multiple strategic acquisitions during the pandemic.
Media Contact Information:
Company: Jet-Go Consulting
Contact person: Alvin Yang
Tel: +886-2-2370-8000 #2110
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationBitcoin soars to a record on Trump policies, institutional demand
NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
Trump’s tariff push could push US rates above 20%, ICC says
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
Huawei eyes new buyers for AI chips amid U.S. export curbs
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
U.S. food prices at risk as Brazil tariff hits key imports
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
WK Kellogg sold to Ferrero as food giants chase shelf power
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
India seeks WTO nod for retaliatory tariffs on US
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
Sources: Meta won’t alter data model, faces fresh EU charges
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
Huawei eyes new buyers for AI chips amid U.S. export curbs
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
AI boom propels Nvidia to historic market cap milestone
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
AI saves $500 million for Microsoft as layoffs reshape strategy
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
Rubio impersonator used AI to reach officials via Signal: cable
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
