Fubon Gold (2881-TW) in the past ten years, the total assets have been increasing rapidly, reaching nearly 10.5 trillion yuan by the end of last year (2021), a massive growth of 190.2% in the past ten years, and the growth rate ranks first in financial control; The “book value” of the two brothers, Cai Mingxing, chairman of Bangjin, and Cai Mingzhong, chairman of Fubon Group, rose with the tide.
Fubon Gold officially incorporated Fubon Bank (Hong Kong) as a 100% subsidiary in 2011, and began to acquire the equity of China No. 1 Bank in 2013. It also merged 100% into a subsidiary in 2016. It was the merger of Taiwan Financial Holding Company that year. The first case of a bank in mainland China.
In 2015, Fubon Gold expanded its tentacles to South Korea. Through Fubon Life Insurance, it successively obtained a 48% stake in Hyundai Life Insurance. After successive capital increases, it currently holds 77% of the shares.
At the end of 2020, Fubon Gold announced the acquisition of Risheng Gold, which is expected to complete the merger in the first quarter of this year; China Credit Information Office has stated that this merger will drive Fubon Group’s total assets in 2020 to reachNew Taiwan Dollar 11.1399 trillion yuan, surpassing Linyuan Group’s 1.1246 trillion yuan, squeezing Linyuan Group’s status as the largest group in Taiwan in the past 30 years.
Judging from the total assets of Fubon Gold alone, it reached nearly 10.5 trillion yuan last year. Among them, due to the acquisition of Risheng Gold, the assets were poured into 367 billion yuan. This part has not been included in the first quarter. The full assets of Risheng Gold will be merged; Compared with the total assets of less than 3.62 trillion yuan that did not expand significantly ten years ago, the growth rate is 190.2%, and the growth rate is quite amazing.
The asset value of Fubon Gold has made a great leap forward. According to the shareholding data of the major shareholders of the Public Information Observatory, Cai Mingxing held 372,311 shares at the end of last year. Calculated at the stock price of 76.3 yuan at that time, the market value was 28.407 billion yuan; although the shares held ten years ago were not testable, But if compared with the end of 2020, Cai Mingxing held 327,125 shares, the stock price was 46.75 yuan that year, and the market value was 15.293 billion yuan, which is equivalent to a big increase of 13.114 billion yuan in value in one year.
As for Cai Mingzhong, who held 351,213 Fubon Gold last year, with a converted market value of 26.797 billion yuan, he only held 208,507 shares at the end of 2020, with an approximate market value of 9.747 billion yuan. The book value in one year has increased by more than 17 billion yuan.