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Economy

Taiwan's CTBC buys into Thai bank to bolster Asia presence

Thailand’s Land and Houses Bank is linking up with Taiwan’s CTBC Bank after searching for a suitable expansion partner.

BANGKOK -- Taiwan's CTBC Bank has agreed to acquire 35.6% of LH Financial Group, the parent of Thailand's smallest commercial lender, Land and Houses Bank, for 16.6 billion baht ($465 million).

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