TFN sells 600 million shares to Fubon Financial and QFFIs

TFN sells 600 million shares to Fubon Financial and QFFIs

January 30, 2016

Taiwan’s second largest operator of mobile communication service, Taiwan Mobile (TWM) announced this week that its subsidiary, Taiwan Fixed Network (TFN), sold 600 million shares of TWM’s common stock at NT$45.2 (US$1.4) per share. This is approximately equivalent to a stake ratio of 6%. 300 million of the shares went to qualified foreign institutional investors (QFIIs). The other 300 million were sold to Fubon Financial Holding.

The Taiwan stock exchange reported that Chairman and Director of Fubon Financial, Daniel Tsai and Richard Tsai respectively, were the buyers on behalf of the company, which is owned and operated mainly by the Tsai family.

Richard Tsai is currently chairman of TWM; this stock acquisition has increased Fubon Financial’s holdings in TWM to nearly 25%, helping to reinforce their right to operate TWM.

TWN would not give any indication of how many QFIIs purchased the other 300 million shares, or of who any of the QFIIs are. However, stock experts guess that Goldman Sachs should be the only investor, or one of a few.

timyeo

Related Posts

UK operators offered indefinite 3G licenses

Comments Off on UK operators offered indefinite 3G licenses

Nokia confesses plummeting sales

Comments Off on Nokia confesses plummeting sales

Orange combines home and mobile broadband

Comments Off on Orange combines home and mobile broadband

Timico prepares for 21CN network

Comments Off on Timico prepares for 21CN network

DS2 leads the US supply of Powerline Technology solutions

Comments Off on DS2 leads the US supply of Powerline Technology solutions

Home telecommuting for Alcatel-Lucent France employees

Comments Off on Home telecommuting for Alcatel-Lucent France employees

UK femtocell developer backed by Google

Comments Off on UK femtocell developer backed by Google

China’s telephone users almost at 1bn

Comments Off on China’s telephone users almost at 1bn

Sprint acquires Virgin Mobile USA

Comments Off on Sprint acquires Virgin Mobile USA

LG still maintains expansion plans

Comments Off on LG still maintains expansion plans

Occam Networks offers double blade

Comments Off on Occam Networks offers double blade

UN agrees global standard for home networking

Comments Off on UN agrees global standard for home networking

Create Account



Log In Your Account



marsbahiscasibomslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibombelugabahismadridbetartemisbetcasibommarsbahiscasibomslot sitelericanlı casino sitelericasino sitelerislot siteleribahis siteleribaywinİnterbahiscasibomcasibomcasibombelugabahismadridbetartemisbetcasibom
NewsHair Transplantankara çekicioto çekicivozol 12000dextools trendingdextools trending botdextools botdextools trending servicedextools trending algorithmcoinmarketcap trending botpinksale trending botdextools trending costcoinmarketcap trendingfront run botfront running botpancakeswap botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botpancakeswap prediction botpolatlı evden eve nakliyatköpek ilanlarıpomeranianmersin nakliyattuzla evden eve nakliyatMedyummersin evden eve nakliyatantika alanlarantika alanlarNewsHair Transplantankara çekicioto çekicivozol 12000dextools trendingdextools trending botdextools botdextools trending servicedextools trending algorithmcoinmarketcap trending botpinksale trending botdextools trending costcoinmarketcap trendingfront run botfront running botpancakeswap botpancakeswap sniper botuniswap botuniswap sniper botmev botpinksale trending botprediction botpancakeswap prediction botpolatlı evden eve nakliyatköpek ilanlarıpomeranianmersin nakliyattuzla evden eve nakliyatMedyummersin evden eve nakliyatantika alanlarantika alanlar