trending Market Intelligence /marketintelligence/en/news-insights/trending/Dr8TDQj0ftsbi2eHUY2zjw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Fubon Financial to buy remaining stake in Fubon Bank (China) for 2.13B yuan

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Fubon Financial to buy remaining stake in Fubon Bank (China) for 2.13B yuan

Fubon FinancialHolding Co. Ltd. is acquiring ShanghaiPudong Development Bank Co. Ltd.'s 20% stake in Fubon Bank (China) Co. Ltd. for 2.13 billion yuan (US$327.1million).

In a May 10 statement, the Taiwanese firm said it obtained confirmationfrom the Shanghai United Assets and Equity Exchange to be qualified as an acquirerof the stake in Fubon Bank (China). The deal will bring the company's stake in FubonBank (China) to 100%.

The deal is subject to approval of the China Banking RegulatoryCommission.

As of May 10, US$1 wasequivalent to 6.52 Chinese yuan.