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    2882   TW0002882008

CATHAY FINANCIAL HOLDING CO., LTD.

(2882)
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Cathay Financial : Announced by Cathay Financial Holdings,on behalf of Cathay Life Insurance Co. Ltd.,the acquisition of Pantheon Global Infrastructure Fund IV

11/24/2021 | 04:30am EST
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Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 1 Date of announcement 2021/11/24 Time of announcement 17:20:10
Subject
 Announced by Cathay Financial Holdings,on behalf
of Cathay Life Insurance Co. Ltd.,the acquisition of
Pantheon Global Infrastructure Fund IV
Date of events 2021/11/24 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.):
Pantheon Global Infrastructure Fund IV;
Infrastructure Fund
2.Date of occurrence of the event:2021/11/24~2021/11/24
3.Amount, unit price, and total monetary amount of the transaction:
NA (due to nature of infrastructure fund);
NA (due to nature of infrastructure fund);
USD 50,000,000
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):
Pantheon Ventures (UK) LLP
which is 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):
NA
9.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract, and other important terms
  and conditions:
Capital contributions by capital call notices
According to Limited Partnership 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:
Commit to the infrastructure fund
NA ;The decision-making is following
the authorization procedure of company;
11.Net worth per share of the Company's underlying securities acquired or
   disposed of:NA
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:
NA; USD 50,000,000; 2.00%; 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:
72.41%; 815.39%; NT$555.172 billion
14.Broker and broker's fee:NA
15.Concrete purpose or use of the acquisition or disposal:
Under Insurance Law, legal use of the insurance funds
16.Any dissenting opinions of directors to the present transaction:No
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:NA
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 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 09:29:00 UTC.


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Financials
Sales 2021 660 B 23 840 M 23 840 M
Net income 2021 132 B 4 786 M 4 786 M
Net Debt 2021 - - -
P/E ratio 2021 6,52x
Yield 2021 5,34%
Capitalization 848 B 30 614 M 30 650 M
Capi. / Sales 2021 1,29x
Capi. / Sales 2022 1,34x
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 64,40 TWD
Average target price 67,99 TWD
Spread / Average Target 5,58%
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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