{"id":39858,"date":"2009-11-11T06:49:51","date_gmt":"2009-11-11T11:49:51","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55408"},"modified":"2009-11-11T06:49:51","modified_gmt":"2009-11-11T11:49:51","slug":"taiwan-firm-in-pe-jv-with-china-state-devt-investment","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/39858","title":{"rendered":"Taiwan Firm in PE JV with China State Devt & Investment"},"content":{"rendered":"

TAIPEI (Reuters) – Fubon Financial, parent of Taiwan’s No.2 insurer, and China’s State Development & Investment Corp will set up a 3 billion Chinese yuan ($440 million) private equity fund, the Commercial Times reported on Wednesday, citing a Fubon executive.<\/p>\n

The private equity fund, aiming to tap industries in Fujian province, will be the first such fund to operate across the Taiwan strait, the paper said.<\/p>\n

Fubon (2881.TW) will take a 30 percent stake in the fund, State Development & Investment Corp will hold 40 percent and an investment firm controlled by Fujian province will hold the remainder, the paper said, citing Fubon president Victor Kung.<\/p>\n

Trade ties between Taiwan and China have warmed since Taiwan President Ma Ying-jeou took office last year. Both sides have agreed to sign a financial service pact soon, paving the way for banks to invest in each other’s economy.<\/p>\n

(Reporting by Faith Hung; Editing by Ken Wills)<\/p>\n

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TAIPEI (Reuters) – Fubon Financial, parent of Taiwan’s No.2 insurer, and China’s State Development & Investment Corp will set up a 3 billion Chinese yuan ($440 million) private equity fund, the Commercial Times reported on Wednesday, citing a Fubon executive. The private equity fund, aiming to tap industries in Fujian province, will be the first […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39858","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=39858"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/39858\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=39858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=39858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=39858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}