Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Taiwan
  4. Taiwan Stock Exchange
  5. Cathay Financial Holding Co., Ltd.
  6. News
  7. Summary
    2882   TW0002882008

CATHAY FINANCIAL HOLDING CO., LTD.

(2882)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Cathay Financial : Announced by CFH, on behalf of Cathay Century Insurance, the disposition of Taiwan Star Telecom Co., Ltd. common shares

12/06/2021 | 05:22am EST
Close
Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 7 Date of announcement 2021/12/06 Time of announcement 18:10:04
Subject
 Announced by CFH, on behalf of Cathay Century
Insurance, the disposition of Taiwan Star
Telecom Co., Ltd. common shares
Date of events 2021/12/06 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.):
Taiwan Star Telecom Co., Ltd
Ordinary shares
2.Date of occurrence of the event:2021/12/06
3.Amount, unit price, and total monetary amount of the transaction:
60,000,000 shares
NTD 9.47 per share
NTD 568 million
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):
Ding An Development Co., Ltd
Not a related party of the company
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:
NA
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:
NA
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):
NA
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition):
Net Loss NTD 32 million
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
NA
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:
In accordance with the contract.
11.Net worth per share of the Company's underlying securities acquired or
disposed of:
NTD 4.16 per share
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:
0 common shares; NT$0; 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:
40.46%
144.04%
NTD 41.75 billion
14.Broker and broker's fee:
NA
15.Concrete purpose or use of the acquisition or disposal:
In compliance with Insurance Law, for the use of the insurance funds.
for investment purpose.
16.Any dissenting opinions of directors to the present transaction:
NA
17.Whether the counterparty of the current transaction is
a related party:
No
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:
No
21.Name of the CPA firm:
Wetec International CPAs
22.Name of the CPA:
Ming-Yang Lai
23.Practice certificate number of the CPA:
Taipei City CPA Certificate No.2123
24.Whether the transaction involved in change of business model:
No
25.Details on change of business model:
NA
26.Details on transactions with the counterparty for the past year and the
expected coming year:
No
27.Source of funds:
Disposable funds of the insurer
28.Any other matters that need to be specified:
NA

Disclaimer

Cathay Financial Holding Co. Ltd. published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 10:21:00 UTC.


© Publicnow 2021
All news about CATHAY FINANCIAL HOLDING CO., LTD.
01/26CATHAY FINANCIAL : Announcement of the contract between Cathay Life Insurance Co Ltd.and t..
PU
01/26CATHAY FINANCIAL : Announcement of the contract between Cathay Life Insurance Co Ltd. and ..
PU
01/26CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Life, the suspension of capital i..
PU
01/26CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Century Insurance, the suspension..
PU
01/26CATHAY FINANCIAL : Announced by Cathay Financial Holdings, on behalf of our subsidiary Cat..
PU
01/26CATHAY FINANCIAL : Announced by Cathay Financial Holdings(CFH) on behalf of Cathay United ..
PU
01/26CATHAY FINANCIAL : On behalf of Cathay Futures Co., Ltd., we announce the change of the Pr..
PU
01/26CATHAY FINANCIAL : On behalf of Cathay United Bank to announce the change of Chief Informa..
PU
01/26CATHAY FINANCIAL : On behalf of our subsidiary Cathay Life Insurance Co., Ltd., we announc..
PU
01/26CATHAY FINANCIAL : On behalf of our subsidiary Cathay Life Insurance Co., Ltd, we announce..
PU
More news
Analyst Recommendations on CATHAY FINANCIAL HOLDING CO., LTD.
More recommendations
Financials
Sales 2021 660 B 23 719 M 23 719 M
Net income 2021 132 B 4 762 M 4 762 M
Net Debt 2021 - - -
P/E ratio 2021 6,41x
Yield 2021 5,44%
Capitalization 834 B 29 971 M 29 973 M
Capi. / Sales 2021 1,26x
Capi. / Sales 2022 1,32x
Nbr of Employees 58 000
Free-Float -
Chart CATHAY FINANCIAL HOLDING CO., LTD.
Duration : Period :
Cathay Financial Holding Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CATHAY FINANCIAL HOLDING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 63,30 TWD
Average target price 67,99 TWD
Spread / Average Target 7,41%
EPS Revisions
Managers and Directors
Chang Keng Li President & Director
Yan Ju Chen CFO & First Deputy Spokesman
Hong Tu Tsai Chairman
Chia-Sheng Chang Chief Information Officer
Sophia Cheng Chief Investment Officer
Sector and Competitors
1st jan.Capi. (M$)
CATHAY FINANCIAL HOLDING CO., LTD.1.28%30 028
AXA7.47%75 042
METLIFE, INC.5.71%55 567
PRUDENTIAL PLC-0.75%46 740
PRUDENTIAL FINANCIAL, INC.2.19%42 253
AFLAC INCORPORATED5.99%41 121