ASEAN Finance / Fubon Reinsurance (Labuan) Plans Cash Capital Increase of USD 2 Million
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Fubon Financial Holdings announced that its Malaysian reinsurance subsidiary, Fubon Reinsurance (Labuan) Sdn. Bhd., will conduct a cash capital increase of USD 2 million by issuing 2 million new shares. This move aims to support business development and strengthen its capital structure, with the original shareholder fully subscribing.