Fubon Financial Holding, the second-largest publicly traded financial group in Taiwan, will buy majority control of First Sino Bank, in what is the largest acquisition of a mainland business by a Taiwanese investor.Friday, 28 December, 2012, 4:14am
A major creditor of Proview Technology, the Shenzhen-based electronics company that is challenging Apple over the iPad trademark, has moved to have the cash-strapped Chinese company liquidated, mainland media have reported.6 Mar 2012 - 12:00am
Wu Ruilin, the controlling shareholder of Inner Mongolian miner Real Gold Mining, pledged a key subsidiary of the listed company as security on loans for some of his private businesses.17 Jun 2011 - 12:00am
Xiamen, a major city in Fujian, is making a move to forge closer financial ties with Taiwan by applying to be the mainland's first and only settlement centre for the official currencies in the two markets, according to Xiamen vice-mayor Ding Guoyan.16 Jun 2009 - 12:00am
Anti-graft officers have arrested 13 employees of a Fubon Bank subsidiary in the city for allegedly accepting bribes from machinery dealers to facilitate loan approvals totalling HK$50 million.
The detainees include 10 marketing staff and three credit officers, some of them believed to be at managerial level.7 Jan 2009 - 12:00am
More than 60 investors in Lehman derivatives have received HK$30 million in compensation with help from the Democratic Party.
The settlements, involving 14 banks, came as a Legislative Council subcommittee that was formed to look into the saga said it would invoke its powers to call witnesses.10 Dec 2008 - 12:00am
A 34-year-old jobless man was put on a one-year good-behaviour bond yesterday for spreading a rumour that a bank was in financial trouble after he overheard a conversation over breakfast at a restaurant.
Leung Kin-wai, who was charged with accessing a computer with dishonest intent, will have to pay a HK$2,000 penalty if he gets into trouble during the next year.21 Nov 2008 - 12:00am
Fubon Bank (Hong Kong) plans to raise US$120 million by selling 1.172 billion preference shares to bolster its capital after issuing a profit warning. Shareholders will be entitled to buy one preference share at 10.237 US cents each, which pays a fixed dividend of 9 per cent.30 Oct 2008 - 12:00am
Police laid charges yesterday against two men accused of spreading rumours that two Hong Kong banks were in financial difficulties and would close down.
One of the cases led to a HK$2 billion run on Bank of East Asia (BEA), the city's fifth-largest lender, last week.3 Oct 2008 - 12:00am
Police have arrested an 18-year-old man during investigations into an online message posted on a discussion forum last Thursday alleging the Bank of East Asia faced closure.
A police spokesman yesterday said the man, surnamed Siu, was being detained for questioning.2 Oct 2008 - 12:00am