SinoPac Securities, ICBC form strategic alliance

The deal was the first between a Taiwan securities firm and an investment bank with a Chinese background.

According to SinoPac, the two firms will collaborate on a wide range of topics including merger and acquisition, underwriting, fundraising, investment advising, and information exchange.

As for whether the two will form even closer ties, SinoPac president Chuang Ming-fu said he does not rule out that possibility.

He declined to comment whether the two firms will invest in each other in the future.

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