Cathay United Bank Acquires One Right-of-Use Asset from Linyuan Building Mgmt
Original: 代子公司國泰世華銀行公告向霖園公寓大廈管理維護股份有限公司取得使用權資產1筆
Summary
Cathay Financial is filing on behalf of its subsidiary Cathay United Bank, which has entered into a new lease and recognized one right-of-use asset (under IFRS 16) sourced from Linyuan Apartment & Building Management and Maintenance Co., Ltd. This is a routine property lease transaction, likely covering a branch or office premise, with no material financial impact expected. Full body available on MOPS.
Full Translation
Filing on behalf of subsidiary Cathay United Bank: announcement of the acquisition of one right-of-use asset from Linyuan Apartment & Building Management and Maintenance Co., Ltd. (霖園公寓大廈管理維護股份有限公司). Under IFRS 16, a right-of-use asset (使用權資產) is recognized on the lessee's balance sheet when a new lease arrangement is executed; this disclosure indicates Cathay United Bank has signed a lease for one property with the named counterparty. The transaction is administrative in nature and consistent with routine branch or office leasing activity. [Body not available — subject line only. See MOPS for full announcement.]