Fubon takes bank private; shares suspended from trading

11 January 2011 | 1 minute read

Taiwan’s second largest financial services company, Fubon Financials, is planning to privatize its Hong Kong banking unit. Fubon Financials will pay HKD$5 for each ordinary share of Fubon Bank (Hong Kong) in order to buy 25% of the company. The deal value represents a 32% premium over the bank’s share price at the close of trade on Friday, the company…

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