TPE:2890

4 stories mentioning TPE:2890Updated just now

Every FINWIRES story that references TPE:2890, newest first.

Sinopac Financial to Undertake Private Placement, Merger Unit

Sinopac Financial (TPE:2890) approved a private placement of up to 481 million new shares in unit SinoPac Securities worth about NT$12.5 billion, according to Friday Taiwan Exchange filing.The private placement, priced tentatively at NT$26 per share, is intended to strengthen SinoPac Securities' capital structure, improve its capital adequacy ratio and support future business expansion.In a separate same-day filing, SinoPac said King's Town Securities will merge into SinoPac Securities, subject to regulatory approval. The group said the move will integrate resources, expand its brokerage market share in Taiwan and generate operational synergies through the combined branch network, customer base and talent pool.In another Friday filing, Bank SinoPac said it sold a $18 million syndicated loan to Hua Nan Commercial Bank to reduce risk exposure. The transaction did not result in any gain or loss.

TPE:2890

Asia20d ago

Sinopac Financial Books NT$4.46 Billion Profit in May

Sinopac Financial (TPE:2890) posted net profit of NT$4.46 billion or NT$0.31 per share in May, according to a Monday Taiwan Exchange filing.The company posted cumulative year-to-date net income of NT$20.3 billion, or NT$1.40 per share, for the period through May.The financial services provider said the figures are preliminary.

TPE:2890

Asia34d ago

Sinopac Financial Unit Reelects Chairman

Sinopac Financial (TPE:2890) unit King's Town Bank reappointed Stephen Ouyang as chairman, following the expiry of his previous term on Monday, according to a Monday Taiwan Exchange filing.Shares gained over 2% in Tuesday afternoon trade.

TPE:2890

Asia47d ago

Fitch Revises Outlook on SinoPac Financial Holdings, Subsidiaries to Positive

Fitch Ratings has changed the outlook on the long-term issuer default ratings of SinoPac Financial Holdings (TPE:2890) and subsidiaries Bank SinoPac, King's Town Bank, and Bank SinoPac (China) to positive from stable, according to a Monday release.Fitch also maintained all of the companies' long-term issuer default ratings at BBB+.Bank SinoPac's positive outlook considers Fitch's view that its merger with King's Town Bank could boost its credit profile through a wider franchise, improved business revenue, and increased profitability.King's Town Bank accounted for 11% of the combined bank's assets on a pro forma basis at end-2025, Fitch said.SinoPac Holdings' ratings and outlook are similar to those on the bank, which serves as the group's principal subsidiary.The parent company should retain a moderate common equity double-leverage ratio over the medium term, even with a temporary spike last year after the acquisition, Fitch said.Developments in the bank's franchise status, profitability, and impaired loan ratio following the merger as well could prompt rating actions, according to Fitch.

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