[Cathay Financial] Cathay Life Vietnam announces acquisition of subordinated financial bonds from Military Commercial Joint Stock Bank
On May 22, 115 (Republic of China calendar), Cathay Life Vietnam, a subsidiary of Cathay Financial Holding, acquired 10-year subordinated financial bonds issued by Military Commercial Joint Stock Bank for 200 billion VND. This is an investment of insurance funds in compliance with Vietnamese insurance laws.
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- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 05:38 (21h 38m after Collected)
1. Name and nature of the target: 10-year subordinated financial bonds of Military Commercial Joint Stock Bank.
2. Date of occurrence: May 22, 115.
3. Date of board approval: Not applicable.
4. Other authorization: Authorized by the General Manager of Cathay Life Vietnam on May 22, 115.
5. Transaction volume, price per unit, and total transaction amount: 2,000 units, 100 million VND per unit, total 200 billion VND.
6. Transaction counterparty and relationship: Military Commercial Joint Stock Bank, no relationship.
7. Related party transactions: Not applicable.
8. Previous ownership within 5 years: Not applicable.
9. Disposal of receivables: Not applicable.
10. Profit/loss from disposal: Not applicable.
11. Payment terms and contractual restrictions: Paid at face value at maturity; the bank has a one-time opportunity to redeem at face value after 5 years.
12. Decision-making method: Private placement, face value, based on company authorization.
13. Net asset value of the target company: Not applicable.
14. Cumulative holdings: 12,650 units, 1.265 trillion VND.
15. Ratio to total assets: 66.5%.
16. Brokerage fees: None.
17. Specific purpose: Investment of life insurance funds under Vietnamese insurance laws.
18. Dissenting opinions: None.
19. Related party transaction: No.
20. Audit committee approval: Not applicable.
21. CPA reasonableness opinion: No adverse opinion.
22. CPA firm name: UHY Auditing and Consulting Company Limited.
23. CPA name: Pham Gia Dat.
24. CPA license number: No.0798-2023-112-1.
25. Change in business model: No.
26. Business model change explanation: Not applicable.
27. Transactions with counterparty in the past and next year: 400 billion VND in cumulative purchases of the bank's bonds in the past year; no plans for the next year.
28. Source of funds: Investable funds of the insurance industry.
29. Previous major disclosure date: Not applicable.
30. Other notes: None.
2. Date of occurrence: May 22, 115.
3. Date of board approval: Not applicable.
4. Other authorization: Authorized by the General Manager of Cathay Life Vietnam on May 22, 115.
5. Transaction volume, price per unit, and total transaction amount: 2,000 units, 100 million VND per unit, total 200 billion VND.
6. Transaction counterparty and relationship: Military Commercial Joint Stock Bank, no relationship.
7. Related party transactions: Not applicable.
8. Previous ownership within 5 years: Not applicable.
9. Disposal of receivables: Not applicable.
10. Profit/loss from disposal: Not applicable.
11. Payment terms and contractual restrictions: Paid at face value at maturity; the bank has a one-time opportunity to redeem at face value after 5 years.
12. Decision-making method: Private placement, face value, based on company authorization.
13. Net asset value of the target company: Not applicable.
14. Cumulative holdings: 12,650 units, 1.265 trillion VND.
15. Ratio to total assets: 66.5%.
16. Brokerage fees: None.
17. Specific purpose: Investment of life insurance funds under Vietnamese insurance laws.
18. Dissenting opinions: None.
19. Related party transaction: No.
20. Audit committee approval: Not applicable.
21. CPA reasonableness opinion: No adverse opinion.
22. CPA firm name: UHY Auditing and Consulting Company Limited.
23. CPA name: Pham Gia Dat.
24. CPA license number: No.0798-2023-112-1.
25. Change in business model: No.
26. Business model change explanation: Not applicable.
27. Transactions with counterparty in the past and next year: 400 billion VND in cumulative purchases of the bank's bonds in the past year; no plans for the next year.
28. Source of funds: Investable funds of the insurance industry.
29. Previous major disclosure date: Not applicable.
30. Other notes: None.
FAQ
Why did Cathay Life purchase bonds from a Vietnamese bank?
To manage funds generated from insurance premiums safely and efficiently, generating returns in compliance with Vietnamese insurance laws.
Does this transaction involve any risks?
As it is a financial bond, it is subject to the performance of the issuer, Military Commercial Joint Stock Bank, and market conditions.
Where can I confirm this information?
It can be confirmed via the major announcements released by the Taiwan Stock Exchange.