Subsidiary Fubon Tech Insurance Agency Acquires Right-of-Use Assets from Fubon Life
Original: 富邦金控代子公司富邦科技保代公告取得「富邦人壽保險股份有限公司」使用權資產
Summary
Fubon Financial Holdings announced, on behalf of its subsidiary Fubon Tech Insurance Agency Co., Ltd., the acquisition of right-of-use assets associated with Fubon Life Insurance Co., Ltd. Under IFRS 16, this reflects a new or renewed lease arrangement — likely office or operational space — between group entities. Full body available on MOPS.
Full Translation
Fubon Financial Holdings Co., Ltd. (TWSE: 2881), acting on behalf of its subsidiary Fubon Tech Insurance Agency Co., Ltd. (富邦科技保險代理人股份有限公司), announces the acquisition of right-of-use assets (使用權資產) pertaining to Fubon Life Insurance Co., Ltd. (富邦人壽保險股份有限公司). Under IFRS 16 / TIFRS 16 lease accounting standards, the recognition of right-of-use assets indicates that Fubon Tech Insurance Agency has entered into, or renewed, a lease agreement — most likely for premises or equipment — where Fubon Life Insurance is either the lessor or the facility owner. The transaction is a related-party arrangement within the Fubon Financial group. [Body not available — subject line only. See MOPS for full announcement.]