Fubon Financial Holding Co.

Fubon Financial to buy majority control of First Sino Bank

First Sino was set up in 1997 to help Taiwanese firms raise funds.

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

Wind-up attempt against firm in iPad dispute

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

Shareholder used listed mines as loan security

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 seeks approval to set up sole currency settlement centre

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

Staff at Fubon Bank subsidiary held in bribes-for-loans inquiry

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

60 investors get HK$30m from banks on minibonds

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

Man punished for bank rumour

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 seeks US$120m from share offer

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

Two charged over bank run rumours

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

Teenager arrested over internet rumour that caused run on bank

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

Fubon earnings increase 40.9pc despite provisions

Lender cuts dividend payout ratio as it plans expansion

Fubon Bank (Hong Kong), the locally listed unit of Taiwan's Fubon Financial Holding, reported a 40.9 per cent increase in net profit for last year, in spite of combined write-downs and provisions of more than HK$300 million for subprime-linked securities.

12 Mar 2008 - 12:00am

Fubon's mainland plan faces political hurdles

Fubon Bank (Hong Kong), the locally listed unit of Taiwan's Fubon Financial Holding, plans to establish a leasing business on the mainland, but analysts say it must first overcome political hurdles in Taipei.

Taiwan regulators have not been quick to grant approval to the deal, especially with presidential elections coming up.

8 Jan 2008 - 12:00am

Public exhibition displays the artof childhood innocence

The exhibition one more, please brings contemporary art within the reach of the public, writes Elaine Yau

A contemporary art exhibition celebrating childhood innocence is being staged in Central.

1 Jan 2008 - 12:00am

One More, Please

Ends Feb 29

Looking out from the IFC mall, you can see a big cartoon face smiling back at you. Nothing to write home about - except this is no billboard advertisement or festival decoration, but a massive piece of art.

20 Dec 2007 - 12:00am

Fubon eyes mainland bank after strong interim

Fubon Bank (Hong Kong), the locally listed unit of Taiwan's Fubon Financial Holdings, plans to buy a stake in a mainland lender after posting a 73 per cent jump in first-half earnings.

Net profit reached HK$217.34 million or 18.54 HK cents a share in the six months to June, up from HK$125.4 million or 10.7 HK cents a share a year ago.

15 Aug 2007 - 12:00am