TAIPEI -(MarketWatch)- Taishin Financial Holding Co. is looking to acquire New York Life Taiwan for NT$300 million (US$10.14 million) and the deal is in its final stage, according to a report in the Commercial Times that quotes a unnamed source familiar with the matter.

Taishin, which doesn't have an insurance arm, is the biggest lender by value of loans in Taiwan's automobile-financing market.

Taishin said it couldn't comment on individual deals, the report added.

Newspaper website: http://ctee.com.tw