Jones Day has advised Taipei-based financial services company Fubon Financial Holdings Co. on an $850 million issue of global depositary shares on the Luxembourg Stock Exchange.

Proceeds from the issue will be used to finance the bank’s $911 million acquisition of an 80 percent stake in Shanghai’s First Sino Bank, a deal announced in December. Part of the proceeds will also be used to repay debt, capital structuring and future investments.

Jones Day Taipei head Jack Huang and local partner Chung-Ping Liu represented the issuer. In 2008, Jones Day also advised Fubon on its $600 million acquisition of ING Life Insurance Co. Ltd., the Taiwan life insurance subsidiary of Dutch financial services provider ING.

Simpson Thacher & Bartlett Hong Kong partner Chris Lin led the firm’s team advising JPMorgan Chase & Co. as sole bookrunner on the deal.

Email: jseah@alm.com.