75% stake in IBA. The M&A advisor was Citigroup Global Markets. At the 2005 Fubon Group annual general meeting, the Fubon board approved for IBA to adopt the Fubon name. On 6 April 2005, IBA was renamed Fubon Bank (Hong Kong) Limited. Timeline 1970: Founded by Mr. Fung King Hey, one of the founders of Sun Hung Kai & Co. Limited. 1979: Listed on the Hong Kong Stock Exchange. 1978: BNP Paribas became the shareholder of the bank. 1980: Merrill Lynch became the shareholder of the bank. 1983: Bank run happened in the bank after the burst of Hong Kong real estate bubble and the fear of Hong Kong handover from Britain to China. 1985: Arab Banking Corporation paid HK$359.72 million to acquire the bank from Fung. 1986: Renamed to International Bank of Asia (IBA). 2004: Fubon Financial Holding of Taiwan acquired IBA. 2005: International Bank of Asia was renamed to Fubon Bank (Hong Kong) Limited. References External links Fubon Bank (Hong Kong) Limited Fubon Financial Holding Co., Ltd. Banks established in 2005 Banks of Hong Kong Companies formerly listed on the Hong Kong Stock Exchange