Board Authorizes President to Negotiate Leasing and Build-to-Suit Construction Contracts
Original: 中信金控代子公司台灣人壽保險股份有限公司 公告董事會決議授權總經理洽談租賃及委託興建合約。
Summary
CTBC Financial Holding (2891) announced on behalf of its subsidiary Taiwan Life Insurance Co., Ltd. that the board of directors resolved to delegate authority to the President (General Manager) to negotiate both leasing agreements and commissioned construction (build-to-suit) contracts. This indicates Taiwan Life Insurance is actively pursuing real estate arrangements — either securing leased premises or commissioning new facility construction — with management now empowered to advance those negotiations. Full body available on MOPS.
Full Translation
CTBC Financial Holding Co., Ltd. announces on behalf of its subsidiary Taiwan Life Insurance Co., Ltd.: The board of directors has resolved to authorize the President (General Manager) to negotiate and conclude leasing agreements and commissioned construction (build-to-suit) contracts. The delegated scope covers both rental/lease arrangements and contracts under which a third party would construct facilities to Taiwan Life Insurance's specifications. This type of board delegation is typical when a company intends to expand, consolidate, or relocate physical operations and wishes to move quickly on negotiations without convening a full board vote for each individual agreement. [Body not available — subject line only. See MOPS for full announcement.]