Reported 12 months ago
On July 2, 2024, Taiwan Life, a subsidiary of the CTBC Financial Holding Co., announced that its board had approved to participate in Junlong Life's cash capital increase with 250 million RMB. This move aims to strengthen Junlong Life's capital and seize the development potential in Mainland China's insurance market, highlighting significant growth opportunities. With this seventh capital increase, Taiwan Life maintains its shares in Junlong Life while enhancing its presence in the Mainland market.
Source: YAHOO