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    2882   TW0002882008

CATHAY FINANCIAL HOLDING CO., LTD.

(2882)
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End-of-day quote Taiwan Stock Exchange  -  05-23
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Cathay Financial : Announced by Cathay Financial Holdings on behalf of the Cathay Life Insurance Co., Ltd. to obtain the right-of-use assets of AN TEH DEVELOPMENT CO., LTD.

01/14/2022 | 04:42am EDT
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Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 1 Date of announcement 2022/01/14 Time of announcement 17:34:49
Subject
 Announced by Cathay Financial Holdings on behalf
of the Cathay Life Insurance Co., Ltd. to obtain the
right-of-use assets of AN TEH DEVELOPMENT CO., LTD.
Date of events 2022/01/14 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):
Rm. B, 2F., No. 152, Songjiang Rd., Zhongshan Dist., Taipei City
2.Date of occurrence of the event:2022/01/14
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction unit: Office 166.93 P��ing(including common areas)
Unit price-right-of-use : NTD 45,581 / P��ing
Unit price-right-of-use of parking space: None
Asset amount of right-of-use: NTD 7,608,791
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: AN TEH DEVELOPMENT CO., LTD.
Relationship with the company: Related parties
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:
Renewal of the original lease.
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):
Not applicable
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Not applicable
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:
(a)Referring to the original lease terms.
(b)Professional domain appraisal report.
(c)The decision-making is following the board of directors.
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:
Not applicable
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:
Yes
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 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 09:41:07 UTC.


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Sales 2022 553 B 18 687 M 18 687 M
Net income 2022 105 B 3 551 M 3 551 M
Net Debt 2022 15 333 M 518 M 518 M
P/E ratio 2022 6,65x
Yield 2022 6,10%
Capitalization 685 B 23 120 M 23 120 M
EV / Sales 2022 1,26x
EV / Sales 2023 1,16x
Nbr of Employees 57 100
Free-Float 64,4%
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Technical analysis trends CATHAY FINANCIAL HOLDING CO., LTD.
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Consensus
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 52,00 TWD
Average target price 60,82 TWD
Spread / Average Target 17,0%
EPS Revisions
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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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