Subsidiary Cathay Securities Obtains Right-of-Use Assets from Cathay Life Insurance
Original: 代子公司國泰綜合證券公告向國泰人壽保險股份有限公司 取得使用權資產
Summary
Cathay Financial is filing on behalf of its subsidiary, Cathay Securities Co., announcing the acquisition of right-of-use assets from affiliated entity Cathay Life Insurance Co., Ltd. Under IFRS 16, this reflects recognition of a lease arrangement between two entities within the Cathay Financial group, likely covering office or operational premises. Full body available on MOPS.
Full Translation
On behalf of subsidiary Cathay Securities Co. (國泰綜合證券), Cathay Financial announces that Cathay Securities has obtained right-of-use assets (使用權資產) from Cathay Life Insurance Co., Ltd. (國泰人壽保險股份有限公司). 'Right-of-use assets' is an IFRS 16 accounting term denoting the lessee's recognition of assets arising from a lease agreement; the announcement indicates Cathay Securities has entered into or renewed a lease of property or equipment owned by affiliated Cathay Life Insurance, creating a corresponding right-of-use asset on Cathay Securities' balance sheet. This is an intragroup related-party transaction within the broader Cathay Financial conglomerate. [Body not available — subject line only. See MOPS for full announcement.]