CHYYY Cathay Financial Holding Company (PK)

13.5333

0.00 (0.00%)

11 Feb 2025 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type
Cathay Financial Holding Company (PK)	USOTC:CHYYY	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	13.5333	9.41	14.41				0.00	00:00:00

Cathay Financial: Insurance Unit To Buy 3.45% Of Taishin From TPG

28/12/2011 1:13am

Dow Jones News

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Cathay Financial Holding Co. (2882.TW) said its life insurance unit has agreed to buy a 3.45% of Taishin Financial Holding Co. (2887.TW) from private-equity fund TPG Inc. for NT$4.74 billion (US$156.2 million).

Cathay Financial, Taiwan's biggest financial conglomerate by assets, said in a statement issued late Tuesday the unit had agreed to purchase 258.98 million Taishin convertible preferred shares from TPG at NT$18.30 each.

The statement didn't say how many shares TPG will hold in Taishin after the deal. Local news media said TPG's stake will remain at about 16%.

Cathay Financial expects the deal to be completed by Feb. 29.

-By Aries Poon, Dow Jones Newswires; 886-2-25022557; aries.poon@dowjones.com