1. Date of Event: 115/06/29
2. Company Name: Cooperative Bank of Taiwan, Ltd.
3. Relationship with Company (please enter 'Company' or 'Subsidiary'): Subsidiary
4. Cross-shareholding Ratio: 100%
5. Reason for Occurrence: The board of directors of Cooperative Bank approved participation in the National Development Council's 'Corporate Investment in U.S. Financing Guarantee Mechanism,' with an initial contribution of USD 50 million.
6. Response Measures: Not applicable
7. Other Matters to be Disclosed (If the subject of the event or resolution is a publicly issued company or above, this major information also qualifies as a matter under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act that significantly affects shareholders' rights or securities prices):
(1) Cooperative Bank responds to government policy by supporting enterprises investing in the U.S., driving expansion of business volume.
(2) By participating in the 'Corporate Investment in U.S. Financing Guarantee Mechanism,' the bank will obtain financing guarantees, reducing credit risk.
(3) Actual details shall be subject to the formal contract signed.
Keyword: Major Information
FACT BOX
- Source: PR Times
- Category: Funding
- Dates in source: 115/06/29