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Cathay Financial Holdings: Announcement by Subsidiary Cathay Securities on Acquiring Right-of-Use Assets from Cathay United Bank

NQ Score 68/100

AI Summary (NQ-processed)

Cathay Securities is acquiring right-of-use assets, including office space and two parking spots, from its related party, Cathay United Bank, for NT$839,327. The assets are located in Tainan City and will serve as the operating premises for Cathay Securities' Shanhua branch. The lease term is two years, with a total rent of NT$860,389.

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Frequently Asked Questions

Q: What is the full address of the property involved in the right-of-use asset acquisition by Cathay Securities from Cathay United Bank?
A: The property is located at 8F-B, No. 349, Zhongshan Rd., Shanhua Dist., Tainan City, including 2 parking spaces.
Q: On what date was the transaction for the right-of-use assets approved by the General Manager of Cathay Securities?
A: The transaction was approved by the General Manager on April 9, 2026, as the approval level did not require board of directors' consent.
Q: What is the total transaction amount for the right-of-use assets acquired by Cathay Securities from Cathay United Bank?
A: The total transaction amount for the right-of-use assets is NT$839,327, covering office space and two parking spaces.
Q: How much office space in pings was included in the right-of-use asset transaction between Cathay Securities and Cathay United Bank?
A: The transaction included 52.96 pings of office space along with 2 designated parking spaces in Tainan City.
Q: Why did Cathay Securities select Cathay United Bank, a related party, as the counterparty for this right-of-use asset acquisition?
A: Cathay Securities selected Cathay United Bank because the location at Shanhua District meets the company's operational needs for office space.