5 stories mentioning TPE:2884Updated 22h ago
Every FINWIRES story that references TPE:2884, newest first.
E.Sun Financial (TPE:2884) logged after-tax earnings of NT$3.01 billion in July, according to a Friday disclosure to the Taiwan Stock Exchange.The banking segment logged NT$3.03 billion in after-tax earnings, while the securities segment recorded NT$428 million.E.Sun Venture Capital incurred an after-tax loss of NT$581 million, while the asset management company recorded after-tax earnings of NT$43 million.
Mercuries Life Insurance (TPE:2867) said the Taiwan Stock Exchange approved the delisting of its shares, effective Sept. 1, when the insurer will become a unit of E. Sun Financial (TPE:2884) through a share swap.Mercuries Life said its last trading day will be Aug. 19, with trading suspended from Aug. 20 until the delisting date, according to a Tuesday Taiwan Exchange filing.The share swap and delisting will take effect on Sept. 1, following regulatory approval received earlier this month.
E.Sun Financial (TPE:2884) board approved the issuance of around 1.53 billion new shares to fund an all-stock acquisition of Mercuries Life Insurance (TPE: 2867), according to a Monday filing with the Taiwan Exchange.Under the arrangement, around 0.2596 company shares will be exchanged for each Mercuries Life share.
E. Sun Financial (TPE:2884) said Taiwan's Financial Supervisory Commission (FSC) has approved its plan to acquire Mercuries Life Insurance (TPE:2867), through a share swap, according to a Tuesday Taiwan Exchange filing.The share swap will enable E.Sun Financial to acquire the remaining shares of Mercuries Life and make the insurer a unit.
E. Sun Financial (TPE:2884) board approved the acquisition of 100% of Mercuries Life Insurance Agent for about NT$75 million in cash, according to a Tuesday Taiwan Exchange filing.Shares slid about 2% in Wednesday's afternoon trade.Under te deal, the company will buy 1 million shares at roughly NT$75 per share from Mercuries & Associates.The acquisition will strengthen the group's insurance agency business and financial services integration.The deal completion remains subject to regulatory approvals and other closing conditions, the financial group said.
