Cathay Life Insurance to Subscribe in Yuanta Futures (6023) Cash Capital Increase
Original: 代子公司國泰人壽公告取得元大期貨(6023)現金增資認購案
Summary
On behalf of its subsidiary Cathay Life Insurance, Cathay Financial (2882) has disclosed a subscription to newly issued shares in Yuanta Futures Co. (TWSE: 6023) through that company's cash capital increase. This represents a direct equity investment by Cathay Life into a futures brokerage affiliate, expanding its financial-sector holdings. Full details including subscription size and price are available on MOPS.
Full Translation
Filing made by Cathay Financial Holdings (2882) on behalf of its subsidiary Cathay Life Insurance Co., announcing the acquisition of shares in Yuanta Futures Co. (TWSE: 6023) via participation in Yuanta Futures' cash capital increase (新股認購 / rights or private-placement subscription). Under Taiwanese securities rules, insurance companies acting as institutional investors must publicly disclose material equity investments in other listed companies through this filing mechanism. The practical effect is that Cathay Life is committing capital to subscribe for newly issued Yuanta Futures shares, increasing its ownership stake in that entity. [Body not available — subject line only. See MOPS for full announcement.]