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Fubon Financial Unit's Reconstruction Project Transaction Amount Exceeds NT$500 Million

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Fubon Financial (TPE:2881) subsidiary Fubon Insurance said the cumulative transaction amount for its building reconstruction project reached NT$4.66 billion, according to a Monday filing with the Taiwan Exchange.

The project comprises the reconstruction of unsafe and old buildings on the subsidiary's land in Taipei's Da'an District.

The contracts comprise a consultant contract of NT$27.9 million, design and consultant contracts with a tentative cost of NT$258.9 million and construction contracts tentatively worth NT$4.37 billion.

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