Fubon Insurance Co., Ltd. announced a private placement and it will issue of 1,000,000,000 common shares at an issue price of TWD 16 per share for gross proceeds of TWD 16,000,000,000 on May 16, 2023. The transaction will include participation from returning investor, Fubon Financial Holding Co., Ltd. will retain 100% stake in the company. The shares to be issued under the transaction are subject to a share transfer restrictions.

The payment date for the transaction is May 18, 2023. The transaction has been approved by the board of directors of the investor.