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Mercuries & Associates Revises E. Sun Financial Share Swap Ratio; Shares Up 6%

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Mercuries & Associates (TPE:2905) plans to exchange all 1.84 billion shares it holds in Mercuries Life Insurance for newly issued shares in E. Sun Financial (TPE:2884), according to a Friday Taiwan bourse filing.

The share exchange ratio was revised to 0.2596 E. Sun Financial Holding shares per Mercuries Life share, up from 0.2486, with the share exchange scheduled for Sept. 1.

Mercuries & Associates is expected to receive 476.8 million E.SUN Financial Holding shares from the exchange, it said.

Shares of the investment holding company were up 6% in recent trade.

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