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TPE:2882

15 stories mentioning TPE:2882Updated 12d ago

Every FINWIRES story that references TPE:2882, newest first.

Asia

Cathay Financial Unit Transfers $14 Million of Performing Syndicated Loan Assets

Cathay Financial's (TPE:2882) banking unit, Cathay United Bank, transferred performing syndicated loan assets valued at $14.3 million, according to a Wednesday Taiwan Exchange filing.The assets were transferred to a group of financial institutions, including Taichung Commercial Bank (TPE:2812), KfW IPEX-Bank, Hua Nan Commercial Bank, Bank of China (Hong Kong), Mega International Commercial Bank, Taiwan Cooperative Bank and other lenders.The transfer is intended to manage the bank's syndicated loan assets, it said.

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Asia

Cathay United Bank Names Chairman

Cathay Financial (TPE:2882) unit Cathay United Bank appointed Tsu-Pei Chen as chairman, effective Friday, according to a same-day Taiwan Exchange filing.Shares of Cathay Financial fell nearly 2% in recent trade.

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Asia

Update: Cathay Financial Reports Position Adjustment for Chief Investment Officer

(Updates throughout to add more details from a separate same-day filing)Cathay Financial (TPE:2882) on Thursday reported a position adjustment for Chief Investment Officer, effective the same day.Specifically, the financial services group dismissed Liu Shan-Chi as vice chair at its Cathay Securities Investment Trust unit and named the business's acting general manager.

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Asia

Cathay Financial Unit Awards NT$8 Billion Construction Contracts for Taoyuan Project

Cathay Financial's (TPE:2882) Cathay Life Insurance signed construction contracts with Johnson M&E Engineering worth NT$8.07 billion for a site in Taoyuan City, Taiwan.The first deal covers electrical, low-voltage, plumbing and drainage works, while the other is for fire protection and HVAC engineering works, according to a Thursday filing with the Taiwan Exchange.The works are estimated to conclude by March 27, 2032.

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Asia

Cathay Financial's Unit Dismisses Vice Chairman

Cathay Financial's (TPE:2882) subsidiary, Cathay Securities Investment Trust, dismissed Vice Chairman, Liu Shan-Chi, according to a Thursday filing with the Taiwan Exchange.The financial services company is yet to name a successor.

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Research

President Capital Management Upgrades Cathay Financial Holdings to Buy from Neutral; Price Target is NT$120

Cathay Financial Holdings (TPE:2882) has an average rating of overweight and mean price target of NT$105.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Asia

Cathay Financial Unit Concludes Capital Increase

Cathay Financial's (TPE:2882) subsidiary, Cathay Securities, fully collected payment for its 2026 cash capital increase, according to a Wednesday filing with the Taiwan Exchange.The unit issued 100 million common shares at NT$50 per share, for a total amount of NT$5 billion.

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Asia

Cathay Financial Books After-Tax Profit of NT$76.5 Billion in H1

Cathay Financial (TPE:2882) posted after-tax profit of NT$76.5 billion, or NT$4.95 per share for the six months of 2026.For June alone, the company posted after-tax profit of NT$16.6 billion, according to a Tuesday Taiwan Exchange filing.

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Asia

Cathay Financial Apologizes, Bans Senior Executives from Taking Board Seats Elsewhere

Cathay Financial (TPE:2882) President Lee Chang-ken apologized on Wednesday over a lapse that triggered regulatory scrutiny, adding that the company will prohibit senior executives at its main units from taking external board seats.Speaking at a press conference on Wednesday, Lee said outside appointments would be permitted only in limited cases where they are required for the group's operations.Lee said weaknesses in internal reporting and review procedures allowed an investment conflict of interest to go unnoticed, prompting its Cathay United Bank chairman to step down. The company committed to strengthening its internal controls to prevent similar incidents.

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Asia

Cathay Financial Unit Leases Advertising Signboard for NT$1 Million; Shares Drop 4%

Cathay Financial (TPE:2882) unit Cathay Securities acquired the right to use an advertising signboard from Cathay Life Insurance for about NT$1.03 million, according to a Friday Taiwan Exchange filing.Shares dropped over 4% in Monday's midday trade.The building in Taipei, Taiwan, has a lease period of one year and eight months, with a total rent of NT$1.05 million.Cathay Securities said the lease will be used to display its corporate identity sign at its Xinyi Simple Branch in Taipei.

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Asia

Cathay Financial Unit to Give NT$948 Million Compensation to Affected Investors

Cathay Financial (TPE:2882) unit Cathay SITE will compensate affected investors about NT$948 million after identifying breaches of related-party transaction requirements.The total includes about NT$494 million for mutual fund investors following a recalculation of affected funds and roughly NT$454 million for discretionary investment accounts, according to a Friday Taiwan Exchange filing.

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Asia

Cathay United Bank's Chairman Steps Down; Shares Fall 4%

Cathay Financial (TPE:2882) said its unit Cathay United Bank's chairman, Andrew MingJian Kuo, has resigned on Friday, according to a same-day Taiwan Exchange filing.Shares slid 4% in Friday's late morning trade.The company did not disclose the reason for Kuo's resignation or name a successor.

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Asia

Market Chatter: Cathay Financial Faces Scrutiny Amid Altercation Between Founding Family Member, Bank Chair

Cathay Financial (TPE:2882) is facing scrutiny after Tsai Chen-yu, a member of the founding family, allegedly confronted and assaulted Cathay United Bank Chairman Kuo Ming-jian at the bank's Taipei headquarters, Bloomberg News reported Wednesday.Citing the bank, the report said the incident was linked to a disagreement over Kuo's outside board positions. Tsai, the younger brother of Cathay Financial Chairman Tsai Hong-tu, does not hold any official role within the group. The lender said disputes should be resolved through proper channels rather than physical actions.Cathay Financial did not immediately respond to' request for comment on the matter.The episode comes after an internal review found that Kuo's directorship at chip designer Alchip Technologies (TPE:3661) created conflicts involving eight funds managed by a Cathay asset management unit. The issue led to a fund value adjustment and losses of NT$454 million, after which Kuo stepped down from the Alchip board earlier this week, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

Market Chatter: Cathay Financial Raises Taiwan 2026 Growth Forecast to 10.1%

Cathay Financial Holding (TPE:2882) has raised its forecast for Taiwan's 2026 economic growth to 10.1% from its previous estimate of 5.8% issued in March, Taipei Times reported Thursday.The upgraded forecast reportedly reflects a stronger-than-expected surge in exports and investment.Cathay Financial also sees a 3.8% increase in consumer spending this year, above the government's estimate of 3.6%, the report said, citing Cathay Financial's economic research department Assistant Manager Achilles Chen.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Cathay Financial Unit Names Vice Chairman

Cathay Financial (TPE:2882) unit Cathay Securities Investment Trust has appointed Liu Shan-Chi as vice chairman, effective Tuesday, according to a same-day Taiwan Exchange filing.Shares gained over 2% in Wednesday's late morning trade.Liu currently serves as senior executive vice president of Cathay Financial, and is also a director of Cathay Life Insurance, and Cathay Securities Investment Trust.

TPE:2882

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