CTBC Bank Co., Ltd. announced its intent to acquire an additional 10.99% minority stake in LH Financial Group Public Company Limited (SET:LHFG) from Piangjai Harnpanij and Pairoj Paisarnsrisomsuk for THB 4.2 billion on March 31, 2021. Consideration will be paid in cash. Consideration will be funded from cash on hand. Post transaction, CTBC Bank Co., Ltd. will hold 46.607% stake in LH Financial Group Public Company Limited. The transaction settlement is subject to approvals from relevant regulatory authorities of Taiwan and the Bank of Thailand. The transaction is expected to have positive influence on CTBC Bank's profitability. Su-Chen Chang of Bdo Taiwan Union & Co acted as accountant to LH Financial Group Public Company Limited. CTBC Bank Co., Ltd. completed the acquisition of an additional 10.99% minority stake in LH Financial Group Public Company Limited (SET:LHFG) from Piangjai Harnpanij and Pairoj Paisarnsrisomsuk on September 8, 2021.