Fubon Gold (2881-TW) Friday (18th) announced its proposed public acquisition of Rishengjin (5820-TW), was questioned by the legislators “Fubon Financial Holdings announced the public acquisition of Risheng Financial Holdings, which is related to China Tomorrow Group Xiao Jianhua and will help Xiao Jianhua to leave production.” Fubon Financial Holdings said solemnly today (21). It’s not a guess.
Fubon Financial said that the company announced the public acquisition of Risheng Financial Holdings, and had not had any contact with the major shareholders of Risheng Financial Holdings Japan Shinsei Bank and Hong Kong Jianqun Investment. This case adopts a public acquisition method to provide fair and consistent conditions for all shareholders of Risheng Financial Holdings, regardless of whether it is large or small shareholders, and the process will be open and transparent.
Regarding some media reports that Fubon Financial has a relationship with China Tomorrow Group, Fubon Financial reiterated that the financial holding plans for this public acquisition has nothing to do with Tomorrow Group.
Regarding the untrue speculation that “this case may help a specific group to get out of production,” Fubon Financial emphasized that “if it wants to get a specific group out of production, it should be possible to directly purchase the shares of its overseas holding company. There is no need to open the door and take the big road and make a public acquisition to all shareholders.”
In addition, Fubon Financial stated that the largest shareholder of Harbin Bank invested by Fubon Life is the Harbin Municipal Government, and the main management team is appointed by the Harbin Municipal Government; the largest shareholder of Xiamen Bank invested by Fubon Financial is the Xiamen Municipal Government, which mainly operates The team is also appointed by the Xiamen Municipal Government. The past investment reasons for these investment cases have nothing to do with Tomorrow Group.
Regarding the premium rate exceeding 24%, Fubon Financial stated that the premium of the public acquisition in this case is in line with the market conditions of all public acquisitions in Taiwan in the past few years, and is also equivalent to the control premium obtained by financial inter-bank mergers and acquisitions in the Asia-Pacific region. The case was issued by Ernst & Young. The price reasonableness opinion, the company’s offer is within a reasonable range for the shareholders of Risheng Financial Holdings and the company.
Fubon Financial emphasized that upholding the spirit of openness, transparency and fairness, announcing the public acquisition of Risheng Financial Holdings will help Fubon Financial Holdings strengthen its banking and securities business, expand the overall economies of scale and efficiency, and respond to the financial consolidation policy to promote finance Industry consolidation and comprehensive results are expected to create a win-win situation for Fubon Financial Holdings and Taiwan’s financial industry. The company sincerely hopes that the outside world will support this case and stop false allusions and speculations.
Fubon Gold’s share price today opened at 46.35 yuan with a small increase, while Rishengjin gapped the daily limit to 12 yuan, with a transaction volume of 1,000, and the number of purchases was 196,000.
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