OnJanuary31, 2008, theBadBankTrancheAwas soldby tender forNT$2.69billionand theBad
BankTrancheBwas sold forNT$120million. Sincenoneof thebids submitted for theGoodBank
met the reserve price, this tranche was sold on the following day (February 1, 2008) to theDBS
BankLtd. throughapricenegotiation.Theassumptionwas completedonMay24, 2008.
XI. Asia Trust & Investment Co., Ltd. (Asia Trust)
TheCDIC carried out the resolution of theAsia Trust in 2008. An auction strategy was designed
tomaximize the valueof the asset disposal according to the natureof theAsiaTrust's assets and
liabilities. In addition to the conventional practice of separately auctioning the Good Bank and
theBadBank, theheadofficebuilding and theAsia Plazawere separatelyput up for auction and
a portfolio tender decisionmethodwas adopted tomeet the tender needs of different potential
investors and attract the most competitive bid. On October 7, 2008, the Good Bank Tranche
A (the Asia Trust's head office building) was acquired by the Taiwan Life Insurance Company
with a winning bid of NT$3.03 billion. The Good Bank Tranche B (major assets/liabilities and
businesses) was acquired by the Standard Chartered Bank for NT$3.348 billion. The Bad Bank
Tranche B (designated NPLs, specific claims and designated real estate) was acquired by an
asset management company for NT$707million; and Bad Bank Tranche Awas not successfully
auctioned. After the auction, The Asia Trust's book net worth (assessment standard date: April
30, 2008) of negative NT$750million had become a positive net worth of NT$1.9 billion. The
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Central Deposit Insurance Corporation 30Years inRetrospect
