Reported 12 months ago
On July 1, 2024, Shin Kong Financial Holding held an extraordinary board meeting to elect a new chairman, with Wei Baosheng, chairman of Shin Kong Life, being appointed as the new chairman of the financial group following the resignation of former chairman Chen Huaizhou. Wei will also continue to serve as chairman of Shin Kong Life. The company announced three major plans after Wei's appointment, including completing a cash capital increase of NT$12.5 billion, strengthening the capital structure of Shin Kong Financial and its subsidiaries, and focusing on driving transformation, creating new opportunities, enhancing subsidiary profits, deepening cross-selling synergies, improving digital efficiency, ensuring corporate governance, and aligning with international sustainability trends. The appointment was approved by a majority of board members, with only one dissenting vote. Wei, who has over 30 years of experience in the financial industry, has been actively working on improving the efficiency of Shin Kong Life's operations and enhancing its business performance, capital planning, digitalization, product innovation, sales channels, and investment returns since joining Shin Kong Financial last year.
Source: YAHOO