E.Sun Financial sells $106 million of GDRs

The deal comes on the back of investor meetings in Hong Kong earlier this week and is priced at a 4% discount to the latest market price.

Taiwan’s E.Sun Financial Holding Co has raised $105.8 million from the sale of global depositary receipts GDRs to help strengthen its capital ratios and fund future expansion.

The deal was launched and completed after the close of Taiwan trading yesterday and comes on the back of a non-deal roadshow on Monday and Tuesday this week, during which the management met with investors in Hong Kong.

As the feedback from those meetings...

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