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Fubon Financial delays Jih Sun acquisition to Q1
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Fubon aiming to raise NT$50bn to buy Jih Sun stake
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Fubon Financial eyes larger market share after acquisition
12/19/2020 01:08 PM
CAN file photo
Taipei, Dec. 19 (CNA) Fubon Financial Holding Co., one of the leading financial holding companies in Taiwan, has set a goal of securing a higher share in the local securities market after completing a deal to acquire a smaller rival Jih Sun Financial Holding Co.
Jerry Harn (韓蔚廷), president of Fubon Financial, said in a news conference held Friday night, after the company announced the acquisition deal, that Jih Sun Financial owns the 59-year old Jih Sun Securities, which has 1.3 million customers and a 3.59 percent share in the local securities brokerage business, making it the seventh largest securities company in Taiwan, as of September.