Established on May 10, 2005, Hua Nan Assets Management Co. (HNAMC) is a wholly owned subsidiary of Hua Nan Financial Holdings Co., Ltd. It has registered capital of NT$4 billion (US$125 million) and paid-in capital of NT$1 billion (US$31.25 million).
HNAMC has been committed to pursuing steady, sustainable growth from the very beginning. It has actively acquired and disposed of non-performing loans, and directly invested in promising real estate. It also has been entrusted by Hua Nan Commercial Bank and other domestic and foreign banks to manage distressed assets. Further, it collects delinquent accounts receivable on behalf of small and medium-sized businesses. Years of operations has laid a solid foundation for HNAMC to evolve into a trustworthy asset management entity that enjoys a mutually satisfactory partnership with domestic and foreign financial institutions, professional consultancies and other business clients. It is now one of Taiwan’s most trusted asset management companies with exposure to international debt collection, and NPL and real estate investment and management.
PROFILE OF PARENT COMPANY
To offer a full range of financial services, HNFHC has added a good number of subsidiaries since 2002. In addition to Hua Nan Commercial Bank and Hua Nan Securities, its units include HNAMC, Hua Nan Venture Capital, South China Insurance, Hua Nan Investment Trust and Hua Nan Management Consulting Co. Together, they make possible equal emphasis on the four core businesses of the financial holding company--banking, insurance, securities and asset management--and constitute a well-rounded platform for one- stop shopping of financial services. Combining their respective growth momentum, FNFHC aims to become a national champion in Taiwan’s financial services industry as well as a viable financial institution in the region.