Fubon Gold (2881-TW) Today (18), the board of directors decided to publicly acquire Rishengjin (5820-TW), it is estimated that more than 50% of the equity will be acquired. The ultimate goal is to obtain 100% of the equity. The estimated total amountNew Taiwan Dollar From 24.526 billion yuan to 49.04 billion yuan, to support the purchase price of 100% of the shares held in this case, Fubon Financial’s general manager Han Weiting said that it plans to start capital market financing in the second quarter of Ming (2021), and it is expected to increase capital by 49 billion yuan.
The premium rate of this case is 24.8%. Is it expensive to buy? Han Weiting said that in addition to internal calculations, the price of 13 yuan per share has also been evaluated by Ernst & Young, which is considered to be a reasonable price, and it is similar to the premium rate of financial mergers and acquisitions in Asia or Taiwan, which is a reasonable premium. Moreover, this public acquisition is attractive at a premium, which can provide Rishengjin Holdings with an opportunity to realize investment profits.
Han Weiting further pointed out that in order to support the purchase price for 100% of the shares held in this case, Fubon Financial Holdings plans to raise short-term funds first, and plans to start capital market financing in the second quarter of 2021. The initial plan is to issue 60% common stocks and 40% special shares, but still need to apply to the competent authority for approval.
Han Weiting said that there are two conditions for this public acquisition. The first is that the number of shareholders’ shares to be sold must reach the 50.01% threshold, and the second is the fair agreement. Among them, because 50.01% is just the threshold, the ultimate goal is to acquire 100%. By February 1st, the public acquisition deadline, if this threshold is not reached, no shares will be purchased.
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