Fubon Securities Investment Trust announced it would acquire JihSun Securities Investment Trust for approximately 2 billion NTD in cash, expecting to complete the merger by 2025. This acquisition is a mutually agreed-upon merger that has received board approval from both companies, and JihSun Securities Investment Trust will be merged into Fubon Securities Investment Trust after the transaction. This deal aims to strengthen Fubon’s market competitiveness and increase its asset management scale, with the ultimate goal of becoming a leading asset management company in Asia.
Purpose of M&A
Fubon Securities Investment Trust has long focused on developing ETF products, including a variety of thematic and actively managed ETFs, and has steadily expanded its influence in the investment market.
This acquisition will help Fubon Securities Investment Trust improve capital efficiency, optimize costs, and expand its product line. The two companies’ businesses complement each other: JihSun Securities Investment Trust has demonstrated strong performance in active equity and money market funds. After the merger, the integration of both companies’ resources will allow them to offer a more diverse range of services to clients. Through this acquisition, Fubon Securities Investment Trust aims to realize synergies, solidify its market position, and move towards becoming a top-tier asset management company in Asia.
Fubon will carry out the acquisition in cash, with the estimated price per share between 46.23 and 52.42 NTD, bringing the total acquisition amount to approximately 1.803 billion to 2.044 billion NTD.
Schedule
November 11, 2024: The boards of Fubon Securities Investment Trust and JihSun Securities Investment Trust approve the merger.
2025: The merger process is expected to complete upon approval by the shareholders' extraordinary meetings and regulatory authorities, at which point the companies will officially merge.
