Subsidiary CTBC Asia Limited Plans HKD 250 Million Cash Capital Increase
Original: 代子公司CTBC Asia Limited公告擬辦理現金增資 港幣2億5,000萬元
Summary
CTBC Financial Holding (2891) has disclosed, on behalf of its subsidiary CTBC Asia Limited, that the subsidiary intends to raise HKD 250 million (approximately USD 32 million / TWD 1.03 billion) through a cash capital increase. The equity injection would strengthen CTBC Asia's capital base and may support business growth or regulatory capital requirements in Hong Kong. Full body available on MOPS.
Full Translation
On behalf of subsidiary CTBC Asia Limited, CTBC Financial Holding announces that CTBC Asia Limited plans to conduct a cash capital increase of HKD 250,000,000 (Hong Kong dollars two hundred and fifty million). Under Taiwan TWSE disclosure rules, a parent company is required to file a material information announcement when a significant subsidiary undertakes a capital raise; the filing here originates from CTBC Financial as the listed parent acting as disclosing agent for the unlisted Hong Kong entity. HKD 250 million is equivalent to approximately USD 32 million or TWD 1.03 billion at prevailing exchange rates. [Body not available — subject line only. See MOPS for full announcement.]