Shin Kong Life Insurance Co., Ltd. announced that it expects to receive TWD 6.999999975 billion in funding from Shin Kong Financial Holding Co., Ltd.
March 26, 2024
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Shin Kong Life Insurance Co., Ltd. announced that it will issue 311,111,110 common shares at an issue price of TWD 22.5 per share for gross proceeds of TWD 6,999,999,975 on March 27, 2024. The transaction will include participation from returning investor Shin Kong Financial Holding Co., Ltd. which will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor.
Shin Kong Financial Holding Co Ltd is a Taiwan-based financing holding company principally engaged in the financing businesses. The Company mainly operates through four business segments. The Insurance Business segment is mainly engaged in the provision of life insurance and other insurances, such as personal life insurance, personal health insurance, group insurance, injury insurance, annuity insurance, investment insurance and others. The Banking Business segment is mainly engaged in the deposit, loan, credit card, debit card, bill and bond trading, as well as foreign exchange trading businesses. The Securities Business segment is mainly engaged in the trading of securities. The Others segment is mainly engaged in the provision of other financing related businesses.
SHIN KONG FINANCIAL HOLDING CO., LTD. 
