Fubon Financial Holding Announces Disposal of Credit Assets by Fubon Bank (China) Limited (Supplement to Announcement Dated 115/05/28)
AI Summary (NQ-processed)
Fubon Bank (China) Limited, a subsidiary of Fubon Financial Holding, has announced the disposal of RMB 65 million in non-performing credit assets to China CITIC Financial Asset Management Co., Ltd. Shanghai Branch, a non-related party, aiming to reduce its non-performing loan ratio.
AI Analysis
Frequently Asked Questions
Q: Where is Fubon Bank (China) headquartered?
A: Its headquarters is located in Shanghai, with branches across mainland China.
Q: How will this asset disposal be accounted for?
A: Gain or loss will be recognized based on the actual disposal price.
Q: What is Fubon Financial's strategy in China?
A: To provide financial services via local entities with strict risk controls.