Fubon Financial News Fubon Investment Trust will spend 2 billion to acquire Risheng Investment Trust, which is expected to be completed in 2025!
Financial Center/Detailed Report
Financial circle news will show you that Fubon Financial Holdings held a big press conference on Monday night and announced that it will spend about NT$2 billion to buy 80% of the equity of Risheng Investment Trust, waiting for both Fubon Investment Trust and Risheng Investment Trust by extraordinary shareholders meeting. Approved and approved by the competent authorities, the merger of the two investment trusts is expected to be completed in 2025.
Lu Xinwen, vice president of Fubon Financial Holdings: “The board of directors of Fubon Financial Holdings approved the merger of Risheng Investment Trust today (11th). Fubon Investment Trust will merge with Risheng Investment Trust for cash consideration.” A big press conference was held on Monday night, and the company decided to invest to buy 80% of the shares of Risheng Investment Trust with an estimated merger consideration of between NT$46.23 and NT$52.42 per share and it will spend about NT$2 billion. To promote its Fubon subsidiary The Two-in-One Investment Trust and Risheng Investment Trust, however, experts believe that Fubon Gold’s move was out of desperation.
Financial expert Wang Zemin: “Today’s fund companies are different from before. That is, there must be ETFs to have a more clear scale in the current scale. At that time, the scale of Risheng Investment Trust was mainly based on general funds. Lord, to be honest, the competition is not what it used to be. , so it would be a pity to abandon it when it is useless and tasteless.”
Fubon Financial News Fubon Investment Trust will spend 2 billion to acquire Risheng Investment Trust, which is expected to be completed in 2025!
Fubon Financial Holdings spent about 2 billion to buy 100% of the shares of Risheng Investment Trust. (Photo/Diagram)
It is understood that Fubon Financial Holdings has previously been looking for buyers to acquire 20% of the shares of Risheng Investment Trust, but there are no potential buyers in the market who are willing to face the provisions of the Financial Regulation Act, Fubon Financial Holdings has only purchased the remaining 80% equity of Risheng Investment Trust and Fubon Investment Trust was originally ranked fourth in the industry Investment Trusts, it still maintains its fourth position.
Financial expert Wang Jimin: “Since Risheng Investment Trust’s fund performance is quite good, and the scale is considered an old fund, it has a certain scale. In April 2023, Fubon Securities merged with the original Risheng Securities, and Fubon Securities merged into Risheng.” After Risheng Investment Trust’s 20% equity, Fubon Investment Trust’s board of directors approved the merger in 2025 after an interim shareholders’ meeting of both parties and regulatory authority approvals.
Fubon Financial News Fubon Investment Trust will spend 2 billion to acquire Risheng Investment Trust, which is expected to be completed in 2025!
The first “gold-finance merger” in financial history, Fubon Financial’s merger with Risheng Gold will be officially completed in April 2023. (image/info screen)
Original source:Fubon Financial News Fubon Investment Trust will spend 2 billion to acquire Risheng Investment Trust, which is expected to be completed in 2025!
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