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Cathay Financial Holding Co Ltd (2882.TW)

2882.TW on Taiwan Stock Exchange

50.20TWD
24 Mar 2017
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NT$51.20
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Latest Key Developments (Source: Significant Developments)

Cathay Financial Holding unit to buy land in Taipei at T$2.33 bln from Rich Development <5512.TWO>
Wednesday, 8 Mar 2017 11:02am EST 

Cathay Financial Holding Co Ltd <2882.TW>:Says its subsidiary Cathay Life Insurance Company, Ltd. will buy 15 plots of land in Taipei at T$2.33 billion in total from Rich Development <5512.TWO>.  Full Article

Shin Kong Financial Holding unit to raise stake in Cathay Financial Holdings to 12.3 pct from 0 pct
Friday, 2 Dec 2016 02:44am EST 

Shin Kong Financial Holding Co Ltd <2888.TW>: 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.  Full Article

China Life Insurance to raise 4 pct stake in Cathay Financial Holdings
Friday, 2 Dec 2016 02:19am EST 

China Life Insurance Co Ltd <2823.TW>: Says it will buy 33.3 million A special shares of Cathay Financial Holdings for T$2.00 billion .Says the co will raise stake in Cathay Financial Holdings to 4 percent from 0 percent after the stake acquisition.  Full Article

Cathay Financial Holding unit to pay land at T$3.12 bln
Tuesday, 4 Oct 2016 10:05pm EDT 

Cathay Financial Holding <2882.TW>:Says its subsidiary Cathay Life Insurance will buy two plots of land in Taoyuan and a plot of land in Xinzhu at T$3.12 billion in total.  Full Article

Cathay Financial unit acquires up to $300 mln worth of Cinda Asset Management's US$ preference shares
Friday, 23 Sep 2016 07:26am EDT 

Cathay Financial Holding Co Ltd <2882.TW> :Says insurance unit acquires up to $300 million worth of China Cinda Asset Management's dollar-denominated offshore preference shares.  Full Article

Cathay Financial Holding unit to jointly set up solar energy generation company within T$1.58 bln
Thursday, 18 Aug 2016 04:43am EDT 

Cathay Financial Holding <2882.TW>: Says its subsidiary Cathay Life Insurance will use up to T$1.58 billion to jointly set up a solar energy generation company .Says Cathay Life Insurance will hold up to 45 percent stake in the new company.  Full Article

Cathay Financial Holding to pay 2015 dividend on July 25
Wednesday, 8 Jun 2016 06:05am EDT 

Cathay Financial Holding <2882.TW>: Says it will pay cash dividend of T$2 per share (T$25,126,420,256 in total) for 2015 . Says ex-dividend date June 27 . Last date before book closure June 28 with book closure period from June 29 to July 3 . Record date July 3 .Payment date July 25.  Full Article

Cathay Financial Holding announces 2015 dividend payment
Thursday, 28 Apr 2016 05:44am EDT 

Cathay Financial Holding Co Ltd:To use undistributed profit to pay cash dividends of T$2 per share to shareholders for 2015.To pay cash dividend of T$25,126,420,256 in total.  Full Article

Cathay Financial Holding Co Ltd - Rizal Commercial Banking Corp probes suspected money laundering - Reuters News
Tuesday, 8 Mar 2016 04:19pm EST 

Cathay Financial Holding Co Ltd:The Philippines' Rizal Commercial Banking Corp said on Wednesday it is investigating an $81 million deposit at one of its branches on suspicion of money laundering - RTRS.The announcement came after the Philippine Daily Inquirer last month reported millions of dollars stolen by hackers from a Bangladeshi financial institution had entered the Philippines via a branch of the mid-sized lender.Following the report, the head of the Philippine senate's anti-graft committee, Teofisto Guingona, set up a government investigation, while the chief of the financial institutions committee, Sergio Osmena, called for stronger anti-money laundering laws.On Monday, Bangladesh Bank, the country's central bank, said its account at the U.S. Federal Reserve had been hacked and money stolen, and that some funds were recovered in the Philippines.The New York Fed, which manages the account, said its systems had not been breached. It declined to say whether funds had been drained from the account citing client confidentiality.RCBC, part owned by Taiwan's Cathay Financial Holding Co Ltd, closed almost 2 percent lower on the Philippine Stock Exchange before the bank's announcement, versus a 0.5 percent gain in the broader market.  Full Article

Cathay Financial Holding to acquire stake in biotechnology company
Thursday, 28 Jan 2016 05:46am EST 

Cathay Financial Holding Co Ltd:To acquire up to 6,250,000 shares (3.25 pct stake) of a biotechnology company at T$128 per share with amount of up to T$800 million.  Full Article

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UPDATE 1-Taiwan's Cathay Fin in talks to buy Bank of Nova Scotia's Malaysia unit

* Deal would represent deeper foray by Cathay into SEAsia (Adds likely deal value, context)