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Taiwan Business TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder in the company. It expects to proceed to the next step of the acquisition in Q3 2021. The completed acquisition will constitute the first merger between two financial holding companies in Taiwan’s financial services sector’s history. Fubon’s assets will surpass the NT$9 trillion (US$316 billion) mark, closing in on the NT$10 trillion (US$351 billion) in assets held by Taiwan’s leading financial holding company Cathay Financial Holdings.

Hsin pei shihLin tzou yienJih sunCathay financial holdingsShinsei bank or capital targetUs national institutes of healthMinistry of healthDrug administrationFubon financial holding coTaiwan power coJih sun financial holdingShinsei bankAmcham taiwanFinancial holdingCathay financialCapital target limited