Home » Business » Should Fubon Financial’s public acquisition be sold or not?Rishengjin: Respect the decision of the two major shareholders | Anue Juheng-Taiwan Stock News

Should Fubon Financial’s public acquisition be sold or not?Rishengjin: Respect the decision of the two major shareholders | Anue Juheng-Taiwan Stock News

Risheng Financial Holdings (5820-TW) In the evening against Fubon Financial Holdings (2881-TW) For the proposed public acquisition, it was stated for the first time that a review committee and board of directors had been held today (5) to discuss whether to sell or not. In principle, it will respect the decision of the two major shareholders of Shinsei Bank and Hong Kong Jianqun Group.

Faced with the recent public purchase of Risheng Financial Holdings by Fubon Financial Holdings, it has been well received by the public. The chairman of Risheng Financial Holdings Huang Jinzhen said that the two largest shareholders of the company are Shinsei Bank of Japan and Hong Kong Jianqun Group. 6 Chengrisheng Financial Holdings respects the decision of the major shareholders in matters related to the public acquisition, and at the same time considers the rights and interests of the minority shareholders and the company’s vision and future development.

Rishengjin said that the company firmly believes that employees are the company’s greatest asset. It has been more than ten years since the new management team took over in 2009. It has undergone comprehensive reforms and reconstruction. Profits have turned all the way from loss to profit. The business structure has been reborn, and the credit rating has shown stability. The profitability continues to strengthen, all thanks to the efforts and hard work of all employees for many years. Therefore, in addition to attaching importance to shareholders’ rights and interests, it also takes the responsibility of safeguarding the relevant rights and interests of employees.

Rishengjin said that although the company is small in scale, it has made steady profits. Its subsidiaries, Risheng Securities and Risheng Bank, also performed well. In recent years, it has been committed to promoting digital upgrades, applying big data analysis, AI artificial intelligence, biometrics, mobile payment and other technologies to integrate virtual and real channels.

Last year (2020), despite the impact of the new crown pulmonary epidemic, which severely damaged the global industrial supply chain, Rishengjin’s profit did not decrease. As of the end of November last year, the net value of Rishengjin per share was 12.56 yuan, and the accumulated financial holding from January to November last year The net profit after tax settlement was RMB 2.642 billion, and the net profit per share after tax was RMB 0.7.

Rishengjin emphasized that the company has also continued to improve corporate governance, and it has won the top 5% of listed companies in the “Corporate Governance Evaluation” co-sponsored by the Stock Exchange and the Securities Over-the-Counter Trading Center. And sure.

Risheng Securities has a deep cultivation in the field. Although it is a time-honored securities firm, it has re-established the core value and market positioning of Risheng Securities in recent years. With the efforts of the management team, it has won a number of national brand Yushan awards for three consecutive years. In the smart dividend system and stock health diagnosis system, both won the highest glory of the first prize in the country. What’s more worth mentioning is that the “Best Broker Image—Quality Award” awarded by the “Foreign Information Magazine” last year is an affirmation of the Risheng Securities team. Risheng Securities made a profit of 1.819 billion yuan from January to November last year, an increase of 63% compared to the previous year. After-tax EPS ranked fifth among the top ten securities firms.

Risheng Bank has entered its 28th year of opening. It has been deeply involved in the financial market for a long time and has continued to promote in the field of financial innovation to provide customers with more diversified financial products and services. In addition to traditional banking, it has timely grasped the business situation and market demand, Pay attention to the innovative strategy of new product research and development, and take the customer demand-oriented development strategy, in order to achieve good results in the stable operation. Risheng Bank will also create digital financial services and launch diversified digital financial products, actively invest in integrating resources, and provide “warm service” and the best experience that best meets customer needs, so as to realize the value of inclusive finance and implement corporate social responsibility. Achieve corporate development goals. Risheng Bank made stable profits in 109, with a low excess loan ratio, good allowance for bad debt coverage and good asset quality.

Rishengjin stated that the review committee and the board of directors have been held this afternoon to discuss the public acquisition of Fubon Financial Holdings. Huang Jinyuan said that everything will be carried out according to laws and regulations and the regulations of the competent authority.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.