Financial Holding Company Act Article 18

With competent authority approval, a financial holding company may merge with the following companies, transfer its entire assets and liabilities to the following companies, or assume the entire assets and liabilities of the following companies (and Article 6, Article 8, Article 9 and Articles 12 to 14 of the Financial Institutions Merger Act shall apply mutatis mutandis):1.Financial holding companies;2.Existing companies that have a controlling interest as defined in Article 4, Paragraph 1, Subparagraph 1 of this Act, and meet the requirements of Article 9, Paragraph 1, of this Act.If the business scope of the existing company, as referred to in Subparagraph 2 of the preceding paragraph, exceeds the scope of Articles 36 and 37 of this Act, the competent authority shall, at the time of approval, require such company to make an adjustment within a prescribed period of time.