January 5, 1977; Business starting date: January 15, 1977
Complying with government’s policy for economic development, the International Commercial Bank of China assigned Zi-Lin Chen as overseas auditor to organize bills finance company based on “Company Law” and the Enforcement Rules of “the Short-Term Stocks Exchange Dealers” by the Financial Ministry.
CEOs from three main banks- the International Commercial Bank of China, Taipei Bank, and Taiwan Cooperative Bank- joined the first Initiators’ Meeting and named the company “International Bills Finance Corporation”. The first meeting of 1st Board of Directors was held on December 8, and Mr. Chang-Chi Ying was elected as Chairman(IBFC), Mr. Zi-Lin Chen President.
Fitch Ratings released the results of the Company’s credit rating with investment grade of BBB on long-term credit rating.
From the resolution of general shareholder’ meeting, NT$1.25253 billion was appropriated for recapitalization, and the paid-up capital amounted to NT$18.09 billion after the capital increase.
From the resolution of general shareholders’ meeting, the Company established Waterland Financial Holding Company through a share swap.
Extraordinary shareholders’ meeting adopted that the Company with Concord Securities and Big East Securities established “Waterland Financial Holding Co., Ltd” through a share swap.
Waterland Financial Holdings Co., Ltd. listed on the stock market, and our Company’s stock desisted at the same time.
Waterland Financial Holding Company, the director of the Company appointed directors and supervisors of 13 Term, and all directors attended the 1 meeting of 13 Term on August 28. Director Chi-Lin Wei was unanimously elected as the Chairman.
Waterland Financial Holding Company submitted an application for engaging in joint marketing and serving as an agent for sale and redemption of domestic funds. This application was accepted by the Financial Supervisory Commission for future reference on February 15, 2012.
The Company has been approved by the Central Bank to conduct proprietary trading in foreign currency bonds.
The Board of Directors approved the appointment of Norman Tsai as President, effective on November 14, 2013.
The Company’s director, Waterland Financial Holding Company, assigned the directors and supervisors of the 14th term board meeting. The first extraordinary meeting of the Company’s 14 Board of Directors was held On August 28, the 14th term board meets for the first time an director Chi-Lin Wean was elected Chairman.
The Company’s director, Waterland Financial Holding Company, sent an official letter to the Company, designating directors and supervisor representatives and independent directors. On 28th of August, the 1st boards of directors meeting of the Japanese company, all directors were present with unanimous agreement from all directors for Director Wei to be the newly appointed chair.
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