Cathay Financial Announces Subsidiary Cathay Securities' Early Termination of Lease Agreement with Cathay United Bank
Key facts
- Cathay Financial Announces Subsidiary Cathay Securities' Early Termination of Lease Agreement with Cathay United Bank
- Cathay Securities, a subsidiary of Cathay Financial (2882), has early terminated its lease for its Taoyuan branch office and parking spaces with Cathay United Bank, resulting in a reduction of right-of-use assets by NT$3,021,899. The change has no material impact on the company's financials.
- Source: PR Times
- Date: June 27, 2026
Direct answer
Cathay Securities, a subsidiary of Cathay Financial (2882), has early terminated its lease for its Taoyuan branch office and parking spaces with Cathay United Bank, resulting in a reduction of right-of-use assets by NT$3,021,899. The change has no material impact on the company's financials.
- Citation
- Cathay Financial Announces Subsidiary Cathay Securities' Early Termination of Lease Agreement with Cathay United Bank (June 27, 2026), PR Times
- Source
- PR Times
- Date
- June 27, 2026
Cathay Securities, a subsidiary of Cathay Financial (2882), has early terminated its lease for its Taoyuan branch office and parking spaces with Cathay United Bank, resulting in a reduction of right-of-use assets by NT$3,021,899. The change has no material impact on the company's financials.
📋 Article Processing Timeline
- 📰 Published: June 27, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 19:03 (10h 3m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 19:05 (2 min after Collected)
Release Date: June 27, 2026
Statement Date: June 26, 2026
Statement Time: 17:08:30
Company Code: 2882
Company Name: Cathay Financial
Subject: Announcement on behalf of subsidiary Cathay Securities regarding the change in right-of-use assets due to early termination of lease agreement with Cathay United Commercial Bank Co., Ltd.
Applicable Clause: Clause 20
Factual Date: June 26, 2026
Details:
1. Original Announcement Date:
January 23, 2024
2. Summary of Original Announcement:
Cathay Securities leased office and parking facilities for its Taoyuan Branch from Cathay United Commercial Bank Co., Ltd. The original lease term was five years, with a total right-of-use asset value of NT$5,848,848.
3. Reason for Change and Main Content:
Due to operational site adjustments, the lease agreement for the Taoyuan Branch will be terminated early on June 30, 2026, resulting in a reduction of right-of-use assets by NT$3,021,899.
4. Impact on Company's Financials and Operations After Change:
No impact.
5. Other Matters to be Disclosed:
None.
Statement Date: June 26, 2026
Statement Time: 17:08:30
Company Code: 2882
Company Name: Cathay Financial
Subject: Announcement on behalf of subsidiary Cathay Securities regarding the change in right-of-use assets due to early termination of lease agreement with Cathay United Commercial Bank Co., Ltd.
Applicable Clause: Clause 20
Factual Date: June 26, 2026
Details:
1. Original Announcement Date:
January 23, 2024
2. Summary of Original Announcement:
Cathay Securities leased office and parking facilities for its Taoyuan Branch from Cathay United Commercial Bank Co., Ltd. The original lease term was five years, with a total right-of-use asset value of NT$5,848,848.
3. Reason for Change and Main Content:
Due to operational site adjustments, the lease agreement for the Taoyuan Branch will be terminated early on June 30, 2026, resulting in a reduction of right-of-use assets by NT$3,021,899.
4. Impact on Company's Financials and Operations After Change:
No impact.
5. Other Matters to be Disclosed:
None.
FAQ
When will Cathay Securities' Taoyuan branch lease terminate?
The lease will terminate early on June 30, 2026.
How much will the right-of-use assets decrease?
Right-of-use assets will decrease by NT$3,021,899.
Does this change affect the company's finances?
The company states there is no impact on financials or operations.