Cathay Financial : Announced by CFH, on behalf of CUB, that the board of directors has approved a change on payment terms of the NPL transaction completed on 2007/01/22.
Announced by CFH, on behalf of CUB, that the board
of directors has approved a change on payment terms of
the NPL transaction completed on 2007/01/22.
Date of events
2022/08/18
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/18
2.Company name:Cathay United Bank, Ltd
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:Cathay United Bank is 100% owned by Cathay
Financial Holdings.
5.Cause of occurrence:Regarding the non performing loan transaction
completed on 2007/01/22 and conducted through negotiations with Shung Yuan
Assets Management Corporation, the board of directors has signed off
an amendment modifying the payment terms.
6.Countermeasures:Important information announcement.
7.Any other matters that need to be specified:This transaction contract
was signed before the announcement of "Directions for Disposal of
Non-performing Loans by Financial Institutions," published on 2008/03/03;
therefore,conducting this NPL transaction by negotiations does not
constitute a violation of above regulation.
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Cathay Financial Holding Co. Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 09:43:07 UTC.
Cathay Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and the management of investment business. The Company operates through five business segments. The Banking Business segment is mainly engaged in the banking, foreign exchange, guarantee, foreign exchange investment, trust and offshore financial businesses. The Life Insurance Business segment is principally engaged in the sales of traditional, investment and interest rate variable annuities and various insurance products, as well as provision of financial planning services. The Property Insurance Business segment is mainly engaged in the fire insurance, marine insurance, land and air insurance, guarantee insurance and reinsurance. The Securities Business segment is mainly engaged in the securities brokerage, self-employed and underwriting businesses, as well as provision of related financial services. The Others segment is mainly engaged in other assets and others.
Cathay Financial : Announced by CFH, on behalf of CUB, that the board of directors has approved a change on payment terms of the NPL transaction completed on 2007/01/22.
CATHAY FINANCIAL HOLDING CO., LTD. 
