Mega Financial Holdings, a leading state-owned financial group, addressed potential merger rumors during its recent shareholders' meeting. Company representatives explicitly stated that they have no intention of merging with other state-owned financial institutions. The primary reason cited for this stance is the excessive complexity involved in consolidating equity and corporate structures. This clarification aims to stabilize market expectations regarding the organization's strategic direction. The company intends to focus on its own growth and operational stability rather than pursuing large-scale consolidations. This decision underscores the challenges of integrating diverse state-owned assets. Consequently, the prospect of a massive state-led financial merger appears unlikely at this time.