Reported 7 months ago
The Shin Kong Financial shareholders' meeting was held by Chen Liwen on June 14, 2024, at 4:00 AM, where they acknowledged the 2023 financial statements and loss coverage plan. They passed the articles of association amendment, increasing the authorized capital from 185 billion NTD to 330 billion NTD, as well as amendments to director election procedures and long-term fund-raising plans. Shin Kong Financial reported a combined net loss of 7.324 billion NTD last year, with reasons attributed to the widening gap between Taiwan and the US, and increased foreign exchange hedging costs. However, the banking and securities subsidiaries performed well, earning 6.791 billion NTD and 2.499 billion NTD respectively, reaching historical highs.
Source: YAHOO