Today's Information |
Provided by: CATHAY FINANCIAL HOLDING CO., LTD. | |||||
SEQ_NO | 1 | Date of announcement | 2022/07/18 | Time of announcement | 17:20:50 |
Subject | Announcement on behalf of Cathay Life Insurance Vietnam of obtaining the subordinated bonds of the Bank for Foreign Trade of Vietnam | ||||
Date of events | 2022/07/18 | To which item it meets | paragraph 20 | ||
Statement | 1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):(1)15-year subordinated bonds of the Bank for Foreign Trade of Vietnam 2.Date of occurrence of the event:2022/07/18 3.Amount, unit price, and total monetary amount of the transaction: Amount: 250 units Unit price: face value of VND 1 billion Monetary amount of the transaction: VND 250 billion 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):(1)Commercial Bank for Foreign Trade of Vietnam (2)Relationship with the Company: none 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:Not applicable 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:Not applicable 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Not applicable 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:(1)Lump sum payment on the daye of issuance.(2)none. (3) at the end of the 10th year, the bank have one time right to decide whether to redeem this bond by face value or not. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:(1)Private placement. (2)face value.(3)based on the approval authority of the Company. 11.Net worth per share of the Company's underlying securities acquired or disposed of:none 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:(1)920 units. (2)VND 920 billion (3)not applicable.(4)none. 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:(1)51.1%;(2)81.8%;(3)734.8billion VND 14.Broker and broker's fee:none 15.Concrete purpose or use of the acquisition or disposal:based on the Insurance Law of Vietnam, regarding the use of life insurance funds 16.Any dissenting opinions of directors to the present transaction:none 17.Whether the counterparty of the current transaction is a related party:none 18.Date of the board of directors resolution:NA 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:none 21.Name of the CPA firm:UHY auditing and consulting company limited 22.Name of the CPA:Pham Gia Dat 23.Practice certificate number of the CPA:No.0798-2018-112-1 24.Whether the transaction involved in change of business model:none 25.Details on change of business model:none 26.Details on transactions with the counterparty for the past year and the expected coming year:Including this transaction, for the past year total investment amount for the bank's subordinated bond is face value 450 billion VND;expected in the coming year the bank will redeem subordinated bond at face value of 220 billion VND 27.Source of funds:disposable funds of the insurer 28.Any other matters that need to be specified:none |
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Cathay Financial Holding Co. Ltd. published this content on 18 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 09:33:08 UTC.