What is the purpose of this transaction?

To construct an overhead bridge, Taiwan Life acquired land use rights from a related party.

Who is the counterparty?

CTBC Bank Co., Ltd., a related party under the same CTBC Financial Holding group.

What is the total usage fee?

After six supplementary agreements, the total fee reached NT$61,073,072.

Who approved this transaction?

Approved by the General Manager, not the board, per Financial Holding Company Act guidelines.

Until when is the land usage valid?

The extended phase lasts until June 30, 116 (2027).

AI News NQ Analysis

CTBC Financial Holding Announces Subsidiary Taiwan Life Insurance's Acquisition of Right-of-Use Asset from Related Party

Key facts

CTBC Financial Holding Announces Subsidiary Taiwan Life Insurance's Acquisition of Right-of-Use Asset from Related Party
Taiwan Life Insurance Co., Ltd., a subsidiary of CTBC Financial Holding, has announced the acquisition of a right-of-use asset from CTBC Bank, a related party, for the construction of an overhead bridge at Nangang经贸 segment in Taipei City. The total usage fee amounts to approximately NT$61.07 million.
Source: TWSE
Date: Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)

Direct answer

Taiwan Life Insurance Co., Ltd., a subsidiary of CTBC Financial Holding, has announced the acquisition of a right-of-use asset from CTBC Bank, a related party, for the construction of an overhead bridge at Nangang经贸 segment in Taipei City. The total usage fee amounts to approximately NT$61.07 million.

Citation: CTBC Financial Holding Announces Subsidiary Taiwan Life Insurance's Acquisition of Right-of-Use Asset from Related Party (Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
Source: TWSE
Date: Mon Jun 22 2026 09:00:00 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Taiwan Life Insurance Co., Ltd., a subsidiary of CTBC Financial Holding, has announced the acquisition of a right-of-use asset from CTBC Bank, a related party, for the construction of an overhead bridge at Nangang经贸 segment in Taipei City. The total usage fee amounts to approximately NT$61.07 million.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of this transaction?: A: To construct an overhead bridge, Taiwan Life acquired land use rights from a related party.
Q: Who is the counterparty?: A: CTBC Bank Co., Ltd., a related party under the same CTBC Financial Holding group.
Q: What is the total usage fee?: A: After six supplementary agreements, the total fee reached NT$61,073,072.
Q: Who approved this transaction?: A: Approved by the General Manager, not the board, per Financial Holding Company Act guidelines.
Q: Until when is the land usage valid?: A: The extended phase lasts until June 30, 116 (2027).