Cathay Financial Holding Announces Subsidiary Cathay Life Insurance to Participate in Lujiazui Cathay Life's RMB 1 Billion Cash Capital Increase Proportionately
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Cathay Financial Holding announced that its subsidiary, Cathay Life Insurance, will participate in Lujiazui Cathay Life Insurance Co., Ltd.'s cash capital increase, investing RMB 1 billion (50% of the total new capital). This investment aims to strengthen Lujiazui Cathay Life's capital structure and business development in China.