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Fubon Financial Holdings board agrees to acquire Jih Sun


Fubon Financial Holdings board agrees to acquire Jih Sun
12/18/2020 10:19 PM
CNA file photo
Taipei, Dec. 18 (CNA) Fubon Financial Holding Co. announced Friday that its board of directors has approved a plan to acquire smaller rival Jih Sun Financial Holdings in what would be the first merger of two domestic financial holding companies.
In a presentation of material information, Fubon said it intends to purchase more than 50 percent of Jih Sun shares at NT$13 (US$0.46) a share through open trading, which would represent a 24.8 percent premium above Jih Sun s average share price over the past month.
The acquisition plan was approved by Taiwan s top financial regulator, the Financial Supervisory Commission (FSC), on Thursday, and would represent the first time ever in Taiwan that one domestic financial holding company acquired another. ....

T Ai Pei , Elizabeth Hsu , Wu Chia Jung , Jih Sun , Financial Supervisory Commission , Jih Sun Financial Holdings , Taipei Exchange , Fubon Financial Holding Co , Fubon Financial Holding , டி ஐ பேய் , எலிசபெத் ஶூ , வு சியா ஜங் , ஜிஹ் சூரியன் , நிதி மேற்பார்வை தரகு , ஜிஹ் சூரியன் நிதி ஹோல்டிங்ஸ் , தைப்பே பரிமாற்றம் ,