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    2882   TW0002882008

CATHAY FINANCIAL HOLDING CO., LTD.

(2882)
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Cathay Financial : Announced by Cathay Financial Holdings Co., Ltd., on behalf of Cathay United Bank Co., Ltd., the transfer of performing lending assets.

11/30/2021 | 05:01am EST
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Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 1 Date of announcement 2021/11/30 Time of announcement 17:42:29
Subject
 Announced by Cathay Financial Holdings Co.,
Ltd., on behalf of Cathay United Bank Co., Ltd.,
the transfer of performing lending assets.
Date of events 2021/11/30 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.): Syndicated Loan Asset Transfer.
2.Date of occurrence of the event: 2021/11/30
3.Amount, unit price, and total monetary amount of the transaction:
NTD 372,000,000.
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):
Shanghai Commercial & Savings Bank, Ltd./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: N/A
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: N/A
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): N/A
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition): None
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions: In compliance with the syndication loan agreement.
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:Approval from the
President; related terms and conditions are in compliance with the
syndicated loan agreement and common market practices.
11.Net worth per share of the Company's underlying securities acquired or
disposed of: N/A
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: N/A
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: N/A
14.Broker and broker's fee: N/A
15.Concrete purpose or use of the acquisition or disposal: Sell down
of syndicated loan asset.
16.Any dissenting opinions of directors to the present transaction: N/A
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: N/A
21.Name of the CPA firm: N/A
22.Name of the CPA: N/A
23.Practice certificate number of the CPA: N/A
24.Whether the transaction involved in change of business model: No
25.Details on change of business model: N/A
26.Details on transactions with the counterparty for the past year and the
expected coming year: N/A
27.Source of funds: N/A
28.Any other matters that need to be specified: N/A

Disclaimer

Cathay Financial Holding Co. Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 10:00:05 UTC.


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Financials
Sales 2021 660 B 23 884 M 23 884 M
Net income 2021 132 B 4 795 M 4 795 M
Net Debt 2021 - - -
P/E ratio 2021 6,70x
Yield 2021 5,20%
Capitalization 870 B 31 491 M 31 517 M
Capi. / Sales 2021 1,32x
Capi. / Sales 2022 1,37x
Nbr of Employees 58 000
Free-Float -
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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 66,10 TWD
Average target price 67,99 TWD
Spread / Average Target 2,86%
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
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