Board Approves HKD 250M Cash Subscription in Subsidiary CTBC Asia Limited
Original: 代子公司中國信託綜合證券公告董事會決議通過認購 子公司CTBC Asia Limited現金增資股款港幣2億5,000萬元
Summary
CTBC Financial is disclosing, on behalf of its subsidiary CTBC Securities Co., Ltd., that the subsidiary's board of directors has resolved to subscribe to a HKD 250 million (approximately USD 32 million) cash capital increase in CTBC Asia Limited, another group subsidiary. The intra-group capital injection will bolster CTBC Asia Limited's capital base, likely to support business expansion or regulatory capital requirements in Hong Kong. Full body available on MOPS.
Full Translation
CTBC Financial Holding Co. (2891), acting on behalf of its subsidiary CTBC Securities Co., Ltd. (中國信託綜合證券股份有限公司), announces that the board of directors of CTBC Securities has resolved to subscribe to a cash capital increase in CTBC Asia Limited, a downstream subsidiary of the group, in the amount of HKD 250,000,000 (Hong Kong dollars two hundred and fifty million). The transaction constitutes an intra-group capital injection channeled through CTBC Securities as the subscribing entity into CTBC Asia Limited, which is incorporated and operates in Hong Kong. The disclosure is filed as a material information announcement (重大訊息) under TWSE regulations. [Body not available — subject line only. See MOPS for full announcement.]