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BRIEF-Shin Kong Financial Holding unit to raise stake in Cathay Financial Holdings to 12.3 pct from 0 pct
December 2, 2016 / 8:21 AM / 10 months ago

BRIEF-Shin Kong Financial Holding unit to raise stake in Cathay Financial Holdings to 12.3 pct from 0 pct

Dec 2 (Reuters) - Shin Kong Financial Holding Co Ltd :

* Says it will buy 102.7 million A special shares of Cathay Financial Holdings for T$6.16 billion

* Says the co will raise stake in Cathay Financial Holdings to 12.3 percent from 0 percent after the stake acquisition

Source text in Chinese:goo.gl/cH9PWd

Further company coverage: (Beijing Headline News)

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