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Fubon Bank parent determined to take firm private

The stakes just got higher in Taiwan-based Fubon Financials attempts to privatize its banking arm, Fubon Bank. In a statement released on Monday, the parent has raised the open offer price per share of Fubon Bank to HK$5.20. Fubon Financial, which holds a 75% stake in the lender, had announced in January it planned to pay HK$5 a share to…

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