Market Chatter: CTBC Unit Taiwan Life to Sign NT$60 Billion Taichung Dome Contract

MT Newswires Live
Sep 17

CTBC Financial's (TPE:2891) subsidiary, Taiwan Life Insurance, is expected to sign a NT$60 billion build-operate-transfer contract with the Taichung City government for a 45,000-capacity domed baseball stadium in October, Focus Taiwan reported on Wednesday, citing the city mayor, Lu Shiow-yen.

The stadium will be capable of hosting concerts, will have two hotels and a luxury shopping mall, spanning an area of around 33,000 square meters, the report said.

Construction is expected to take around three years, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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