Z Holdings to increase stake in LINE Bank Taiwan

Z Holdings Corporation (TSE: 4689) announced today that it will increase its stake in LINE Bank Taiwan Limited (LBT) through its subsidiaries, LINE Financial Corporation and LINE Financial Taiwan Limited. This investment will result in LBT becoming a specified subsidiary of Z Holdings. Z Holdings will invest TWD 27.45 billion to acquire 274.5 million new shares, increasing its ownership to 51.15%. The purpose of this investment is to strengthen LINE Bank’s services in Taiwan and enhance collaboration within the Z Holdings Group. The transaction is expected to close in June 2025, subject to regulatory approvals. Z Holdings anticipates a negligible impact on its consolidated financial results for the fiscal year ending March 2026.