Fubon Financial Holdings announced today that its wholly-owned Malaysian reinsurance company, Fubon Reinsurance (Labuan) Sdn. Bhd., has resolved at a board meeting to conduct a cash capital increase, issuing 2 million new shares at USD 1 per share, for a total scale of USD 2 million.
Fubon Reinsurance (Labuan) is wholly invested by Fubon Insurance and began operations in Malaysia in early 2024, marking Fubon Insurance's fifth overseas subsidiary.
Fubon Reinsurance (Labuan) stated that the purpose of this capital increase is to respond to business development and strengthen its capital structure, and it will be fully subscribed by the original shareholder. 1150410
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- Source: CNA (Central News Agency)
- Category: 財經|金融|保險
- Dates in source: 1150410