Taiwan’s Fubon Financial backs Fosun outbound fund
Fubon Financial, parent of Taiwan’s second-largest life insurance firm, has committed $20 million to Fosun International’s outbound China Momentum Fund.
Fubon will hold a 3.81% stake in the vehicle, according to a regulatory filing. The fund, which has a target of $1 billion, had secured $525.2 million as of last September. Prudential Financial is reportedly...
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