Hua Nan Commercial Bank to raise NT$9.11B from share issue

Workflow Solutions
Products
See more S&P Global Solutions
See More IHS Markit Solutions
Content
How We Can Help
See More
News & Insights Topics
See More
Featured Events
Webinar ReplaysNew Corporate Realities: Blending Geopolitics, Data, and Digital Transformation
- 07/21/2022
- On-Demand
- 1 Hour
In PersonInteract 2022
- 09/15/2022
- 225 Liberty Street, New York, New York
- 225 Liberty Street
In Person451Nexus
- 10/03/2022
- ARIA Resort and Casino, Las Vegas, Nevada
Platforms
Other Products
- Leveraged Commentary and Data
- Research Online

In This List

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks

1 Aug, 2017 | 11:48

Author Sylvia Cycil
Theme Banking

Hua Nan Commercial Bank Ltd. will raise NT$9.11 billion from its issuance of new shares in a private placement.

The bank said July 31 that it would issue 414 million shares for NT$22 per share. The bank's parent, Hua Nan Financial Holdings Co. Ltd., will subscribe to the entire issue.

Funds raised from the issuance will be used to strengthen the bank's capital.

As of July 31, US$1 was equivalent to NT$30.20.

Author
Sylvia Cycil
Theme
Banking