Reported about 1 year ago
Shin Kong Financial Holding's new chairman, Wei Bao-sheng, reveals plans to increase profitability and financial strength by injecting 125 billion NT dollars into Shin Kong Life Insurance, along with issuing 25 billion NT dollars in corporate bonds. After reaching a capital adequacy ratio above 200%, they aim to seek relaxation on six major restrictions from the Financial Supervisory Commission. Wei plans to focus on boosting cross-selling capabilities and internationalization to elevate Shin Kong Life Insurance's profits, with a vision to become Taiwan's most internationally-oriented life insurance company.
Source: YAHOO