Taiwan's Fubon says to buy China bank

TAIPEI Thu Dec 27, 2012 1:07am EST

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TAIPEI Dec 27 (Reuters) - Fubon Financial, one of the most aggressive Taiwanese financial institutions in expanding into the Chinese market, said on Thursday it will buy a stake of more than 51 percent in China's Firstsino Bank.

Fubon will give details at a press briefing later in the day. (Reporting by Faith Hung; Editing by Daniel Magnowski)