|Day's Range||9.06 - 9.12|
|52 Week Range||8.75 - 10.19|
|PE Ratio (TTM)||12.29|
|Earnings Date||Aug 9, 2017 - Aug 14, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||9.22|
Taiwan's financial watchdog will not approve Sinopac Financial Holdings' $340 million sale of its U.S. unit to Cathay General Bancorp unless Sinopac submits the necessary paperwork, a source with the regulator said. Some board members at Taiwan's Sinopac are hesitant to sign off on the deal, feeling "seller's remorse" as the price tag now looks too low, three separate sources with direct knowledge of the matter said. It has been a year since the deal was announced and the foot dragging comes ahead of a June 20 deadline imposed by the U.S. Federal Reserve, which approved the deal in March, although Cathay General, a Los Angeles-based bank, can request an extension.
Sinopac's $340 million sale of its U.S. unit to Cathay General Bancorp will not be approved by the Taiwan financial regulator if Sinopac does not submit additional satisfactory paperwork to the watchdog, a source with the regulator said. Cathay and Sinopac Financial Holdings are under pressure to complete the deal as it has been a year since Cathay said it would acquire Sinopac's U.S. unit. Los Angeles-based Cathay received approval from the U.S. Federal Reserve in March with a deadline to close the deal early next week.