展誠意 國票金加碼收購三信銀 – 中時電子報
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展誠意 國票金加碼收購三信銀
2015年06月16日 04:10
中國時報 黃琮淵/台北報導
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展現極大誠意,國票金昨日臨時董事會,通過修正公開收購三信商銀股份的公開收購價格及預定收購數量,由原訂每股現金16.5元,修正提高為每股現金17.8元,溢價達32%,預定收購數量為51%至75%間。國票金發言人邱銘恩表示,主要考量三信銀帳上備抵呆帳提存比率較其他中小型銀行高,加上可能有資產重估利益,實際淨值可能較帳面淨值為高,為表示國票金對三信股東最大收購誠意,修正提高公開收購價格。
展誠意 國票金加碼收購三信銀 - 中時電子報
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展誠意 國票金加碼收購三信銀
2015年06月16日 04:10
中國時報 黃琮淵/台北報導
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展現極大誠意,國票金昨日臨時董事會,通過修正公開收購三信商銀股份的公開收購價格及預定收購數量,由原訂每股現金16.5元,修正提高為每股現金17.8元,溢價達32%,預定收購數量為51%至75%間。國票金發言人邱銘恩表示,主要考量三信銀帳上備抵呆帳提存比率較其他中小型銀行高,加上可能有資產重估利益,實際淨值可能較帳面淨值為高,為表示國票金對三信股東最大收購誠意,修正提高公開收購價格。
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邱銘恩也解釋,三信銀帳上備抵呆帳雖有22億元,但並非全數可沖回,比照同業平均提存比率1.3%至1.5%,依據會計穩健原則,未來能迴轉增加淨值僅約8至9億元。以台中地區龍頭台中商銀為例,去年年獲利約37億元,每股盈餘1.32元,今年第1季每股淨值12.89元,市價僅約10.8元左右,可見目前中小型金融股交易折價嚴重。法人指出,三信商銀去年獲利4.4億元,每股盈餘0.88元,低於台中商銀,股票未上市櫃流動性更差,本次國票金願以超過3成溢價收購三信銀,對三信銀股東是難得機會。三信商銀近3月未上市盤每股成交價格約在12元至12.5元,與國票金公開收購價差約5.3至5.8元,差距幅度達42%至48%。金控業者形容,這絕對是「10年一次難得之應賣機會」,因以三信銀本年配股配息各0.33元計算,對綜所稅率級距最高45%者,靠配股配息扣除稅捐後,股票約需10年以上時間累積才能達17.8元之價值。金控業者認為,國票金因為缺乏銀行,願意以溢價3成以上之價格進行收購,主要係考量三信商銀之銀行執照及通路價值;若是其他銀行或金控要進行收購,因其本身已有銀行,願意出價勢必較低,三信銀股東不宜過度期待。除此之外,若由其他金控併購三信銀,由於其已有銀行,且擁有為數眾多分行及行員,整併後勢必進行分行裁撤及人事整頓;反觀國票金並無銀行,將借重三信商銀經營團隊,能確保員工權益,是為最佳選擇。(中國時報),