Brief: Shin Kong Financial Says Will Raise T$13.86 Billion Via Rights Issue

Shin Kong Financial Holding Co

04/07/2024 08:37

July 4 (Reuters) - Shin Kong Financial Holding Co Ltd
 2888.TW :
    * SAYS IT WILL RAISE T$13.86 BILLION ($423.9 MLN) VIA RIGHTS
ISSUE
    * SAYS IT WILL SELL 1.67 BILLION SHARES AT T$8.3 EACH IN
RIGHTS
OFFERING
    * SAYS RIGHTS OFFERING PLAN HAS BEEN APPROVED BY TAIWAN'S
FINANCIAL REGULATORS
    * SAYS PROCEEDS FROM OFFERING WOULD BE USED TO STRENGTHEN
CAPITAL
STRUCTURE OF THE COMPANY AND ITS LIFE INSURANCE UNIT

Source text for Eikon:  ID:nMOP98z3mN 
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 (Reporting by Faith Hung)
 ((faith.hung@thomsonreuters.com;))