Fubon strikes cross-strait JV deal in China
The securities-brokerage arm of Taiwan's Fubon Financial Group is setting up an asset-management joint venture with China's Founder Securities.
After a decade-long, low-profile presence through its representative office in China, Taiwanese monolith Fubon Financial Group has scored a notable success. Through its securities-brokerage arm, Fubon is setting up an asset-management joint venture with Founder Securities in Beijing.
Founder will own two-thirds of the shares of the new entity and Fubon one-third. The two companies will contribute total capital of Rmb200 million ($29 million) for the JV's set-up in the initial stage -…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.