Fubon Financial Unit Disposes of $40 Million Syndicated Loans; Shares Drop 3%
Fubon Financial (TPE:2881) unit, Taipei Fubon Commercial Bank, disposed of syndicated loans with a total commitment amount of $40 million, according to a Friday Taiwan Exchange filing.Shares slid over 3% in Monday's late morning trade.The loans were sold to Chang Hwa Commercial Bank (TPE:2801) and Yuanta Commercial Bank.The bank carried out the deal as part of its loan portfolio management, it added.