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
End-of-day quote Taiwan Stock Exchange  -  05-16
52.60 TWD   -1.13%
05/04Cathay Financial Holding Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2021
CI
04/29CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Lujiazui Life Insurance Co., Ltd, the resignation of member of The Audit Committee
PU
04/29CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Lujiazui Life Insurance Co., Ltd, the resignation of independent director
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cathay Financial : Announced by Cathay Financial Holdings on behalf of Cathay Securities Investment Consulting to disposal the right-of-use assets of Cathay Life Insurance Co., Ltd.

12/23/2021 | 04:57am EDT
Close
Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 1 Date of announcement 2021/12/23 Time of announcement 17:49:41
Subject
 Announced by Cathay Financial Holdings on behalf
of Cathay Securities Investment Consulting to disposal the
right-of-use assets of Cathay Life Insurance Co., Ltd.
Date of events 2021/12/23 To which item it meets paragraph 20
Statement
1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
A parking space in B3 at No.108, Sec. 5, Xinyi Rd.,
Xinyi Dist., Taipei City
2.Date of occurrence of the event:2021/12/23
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Parking space of Xinyi Rd:
1 parking space, Decrease NTD 337,474 / parking space,
Decrease NTD 337,474.
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):
Counterparty:Cathay Life Insurance Co., Ltd.
Relationship with the company: Related party
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:
Reasons of choosing a related party as the transaction counterparty:
Terminate the lease early
for there is no need to use the parking space.
Others are 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.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):
NTD 0.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Parking space of Xinyi Rd::
Payment period: 2021/11/1-2021/12/31 with total amount of NTD 21,000.
9.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:
The manner of deciding on this transaction is following the results
of price negotiation with counterparties.
The reference basis for the decision on price is following by the
professional domain appraisal report.
The decision-making department:Chairman
10.Name of the professional appraisal firm or company and
its appraisal price:
Not applicable.
11.Name of the professional appraiser:
Not applicable.
12.Practice certificate number of the professional appraiser:
Not applicable.
13.The appraisal report has a limited price, specific price,
or special price:
Not applicable.
14.An appraisal report has not yet been obtained:
Not applicable.
15.Reason for an appraisal report not being obtained:
Not applicable.
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:
Not applicable.
17.Name of the CPA firm:
Not applicable.
18.Name of the CPA:
Not applicable.
19.Practice certificate number of the CPA:
Not applicable.
20.Broker and broker's fee:
Not applicable.
21.Concrete purpose or use of the acquisition or disposal:
Terminate the lease early
for there is no need to use the parking space.
22.Any dissenting opinions of directors to the present transaction:
Not applicable.
23.Whether the counterparty of the current transaction is a
related party:Yes.
24.Date of the board of directors resolution:NA
25.Date of ratification by supervisors or approval by
the audit committee:NA
26.The transaction is to acquire a real property or right-of-use
asset from a related party:No.
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:
Not applicable.
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:
Not applicable.
29.Any other matters that need to be specified:None.

Disclaimer

Cathay Financial Holding Co. Ltd. published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 09:56:01 UTC.


© Publicnow 2021
All news about CATHAY FINANCIAL HOLDING CO., LTD.
05/04Cathay Financial Holding Co., Ltd. Announces Cash Dividend for the Year Ended December ..
CI
04/29CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Lujiazui Life Insurance Co., Ltd,..
PU
04/29CATHAY FINANCIAL : Announced by CFH, on behalf of Cathay Lujiazui Life Insurance Co., Ltd,..
PU
04/28CATHAY FINANCIAL : Announce the resolutions of the board as agent of shareholders' meeting..
PU
04/28CATHAY FINANCIAL : Announce the resolutions of the board as agent of shareholders' meeting..
PU
04/26CATHAY FINANCIAL : Announced by Cathay Financial Holdings on behalf of Cathay Century Insu..
PU
04/25CATHAY FINANCIAL : Announced by Cathay Financial Holdings,on behalf of Cathay Life Insuran..
PU
04/25CATHAY FINANCIAL : To announce the date of the investor/press conference for 2022 first qu..
PU
04/19CATHAY FINANCIAL : Announced by Cathay Financial Holdings Co., Ltd., on behalf of Cathay U..
PU
04/15CATHAY FINANCIAL : Announced by Cathay Financial Holdings, on behalf of of Cathay Insuranc..
PU
More news
Analyst Recommendations on CATHAY FINANCIAL HOLDING CO., LTD.
More recommendations
Financials
Sales 2022 603 B 20 308 M 20 308 M
Net income 2022 106 B 3 585 M 3 585 M
Net Debt 2022 15 333 M 517 M 517 M
P/E ratio 2022 6,63x
Yield 2022 5,77%
Capitalization 712 B 24 006 M 24 006 M
EV / Sales 2022 1,21x
EV / Sales 2023 1,20x
Nbr of Employees 57 100
Free-Float 64,4%
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
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 52,60 TWD
Average target price 69,90 TWD
Spread / Average Target 32,9%
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.-15.84%23 341
AXA-9.93%59 369
METLIFE, INC.4.00%52 850
PRUDENTIAL FINANCIAL, INC.-3.95%38 985
AFLAC INCORPORATED-1.97%36 872
PRUDENTIAL PLC-20.24%34 698