Taiwan Life to Participate Pro-Rata in Junlong Life RMB 500M Cash Capital Increase
Original: 中信金控代子公司台灣人壽公告擬依原出資比例參與 君龍人壽保險有限公司現金增資人民幣5億元。
Summary
CTBC Financial, acting on behalf of its subsidiary Taiwan Life Insurance, announced its intention to subscribe to a cash capital increase of RMB 500 million (approx. USD 69 million) in Junlong Life Insurance Co., Ltd. at its existing pro-rata ownership ratio, preserving Taiwan Life's stake in the China-based joint-venture insurer. The cross-border capital commitment is material given its size and foreign-investment regulatory context. Full body available on MOPS.
Full Translation
CTBC Financial Holding Co. (中信金控), on behalf of its subsidiary Taiwan Life Insurance Co. (台灣人壽), announces that it intends to participate in the cash capital increase of Junlong Life Insurance Co., Ltd. (君龍人壽保險有限公司) in proportion to its original investment ratio, for a subscription amount of RMB 500 million. This is a pro-rata follow-on investment to maintain Taiwan Life's existing equity stake in Junlong Life, a China-domiciled joint-venture life insurer. The RMB 500 million figure represents the total new capital being raised by Junlong Life, with Taiwan Life subscribing its proportionate share. [Body not available — subject line only. See MOPS for full announcement.]