Tue, Jan 10, 2012 - Page 11 News List

Fubon Financial incurs losses of NT$1.69 billion

BRANCHING OUT:Hua Nan Bank remained profitable and is looking to operate yuan-denominated business in Shenzhen, and acquire a 20% stake in a Chinese peer

By Crystal Hsu  /  Staff Reporter

The bank also plans to acquire a 20 percent stake in a Chinese peer to expedite its expansion, a venture that should bear fruit this quarter, Lai said.

“The company is likely to unveil more details after the Lunar New Year,” he said.

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