Capital Market Boom: Cathay Financial to Inject NT$5 Billion into Cathay Securities to Support Business Growth

Cathay Financial Holdings (Cathay FHC) today announced on behalf of its subsidiary, Cathay Securities, that the board of directors has resolved to conduct a cash capital increase. The new shares will be fully subscribed by the parent company, Cathay FHC. Cathay FHC stated that benefiting from the vibrant capital market this year, the trading volume on the Taiwan stock market has increased significantly, leading to steady business growth for Cathay Securities. Customer demand for fund utilization and business underwriting continues to expand. To support this business development, Cathay FHC plans to inject NT$5 billion into Cathay Securities. The capital increase will be executed by Cathay Securities issuing 100 million new shares at NT$50 per share, further strengthening its capital structure and enhancing its profitability. (Editor: Yang Lanxuan) 1150609