Cathay Financial Holding Co., Ltd. has announced on behalf of its subsidiary, Cathay United Bank, the transfer of syndicated loan assets. The details of the disclosure are as follows:

1. Name and nature of the underlying asset: Transfer of syndicated loan assets. 2. Date of occurrence: June 11, 2026. 3. Date of Board of Directors approval: Not applicable. 4. Other approval date and decision-making level: Approved by the General Manager on June 11, 2026. 5. Transaction units, price per unit, and total transaction amount: Total amount of USD 28,000,000.00. 6. Counterparty and relationship with the company: The Shanghai Commercial & Savings Bank, Ltd. / None (Not a related party). 7. Reason for selecting a related party and historical transfers: Not applicable. 8. Historical ownership of related parties in the past five years: Not applicable. 9. Details regarding the disposal of debt claims and collaterals: Not applicable. 10. Expected gain or loss from disposal: None. 11. Terms of payment and contract restrictions: In accordance with the original syndicated loan agreement. 12. Pricing determination and decision-making authority: Approved by the General Manager based on the original syndicated loan agreement and general market practices. 13. Net value per share of the acquired or disposed securities: Not applicable. 14. Cumulative holdings and shareholding ratios: Not applicable. 15. Ratio of securities investments to total assets and equity: Not applicable. 16. Broker and brokerage fees: Not applicable. 17. Specific purpose or use of the disposal: Portfolio management and asset allocation of the original syndicated loan. 18. Dissenting opinions from directors: Not applicable. 19. Related party transaction: No. 20. Date of Supervisor approval or Audit Committee consent: Not applicable. 21. Unreasonable opinion issued by CPA: Not applicable. 22. Name of CPA firm: Not applicable. 23. Name of CPA: Not applicable. 24. CPA license number: Not applicable. 25. Change in business model: No. 26. Explanation of business model change: Not applicable. 27. Transaction history with the counterparty in the past and future: Not applicable. 28. Sources of funds: Not applicable. 29. Previous announcement date of the same event: Not applicable. 30. Other notes: Exchange rate applied is USD:TWD = 1:31.65.

Keywords: Material Information

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  • Source: PR Times
  • Category: News