The FSC today announced the approval of Fubon Securities’ merger with Risheng Securities and Fubon Futures’ merger with Risheng Futures.

The picture shows Fubon official website.

(Screenshot by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] Risheng Securities and Futures are about to say "bye bye"!

The FSC today (14th) announced the approval of Fubon Securities’ merger with Risheng Securities and Fubon Futures’ merger with Risheng Futures.

After the merger, the market share of Fubon Securities will increase from 5.09% to 8.09%, and the market ranking will remain at No. 3; the market share of Fubon Futures will increase from 2.78% to 5.06%, and the market share will increase from No. 6 to No. 5 big.

Gao Jingping, deputy director of the Securities and Futures Bureau, said that after the merger of the parent company Fubon Financial Holdings and Risheng Financial Holdings, in order to expand the scale of operation and integrate resources, the securities and futures companies of its subsidiaries merged. After the merger, Fubon Securities, Fubon Futures is the surviving company, Risheng Securities and Risheng Futures are the eliminated companies, and the base date of merger is April 9.

Please read on...

Gao Jingping pointed out that after the merger, the number of Fubon Securities brokerage business bases increased to 76, the number of domestic exclusive comprehensive securities firms changed from 30 to 29, and the number of futures brokers changed from 15 to 14.

In addition, all the employees of the original Risheng Securities and Futures will remain in their positions. Within three years, they will not be dismissed due to the merger, and there is also a preferential retirement plan; according to statistics, at the end of last year, the number of employees of Fubon Securities was There are 1,686 employees, Risheng Securities has 1,337 employees, and 3,023 employees after the merger; Fubon Futures has 131 employees, Risheng Securities has 93 employees, and 224 employees after the merger.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news