Cooperative Bank of Taiwan Resolves to Increase Capital by Issuing New Shares from Retained Earnings
NQ Score
53/100
AI Summary (NQ-processed)
The Cooperative Bank of Taiwan (COTB) announced its board of directors' resolution to increase capital by issuing new shares from its 2025 retained earnings. The capital increase will amount to NT$6,802,643,300, equivalent to 680,264,330 shares. This move aims to enhance capital structure and profitability to meet the Tier 1 capital requirements of the new Basel III accord. Shareholders will receive 70 bonus shares for every 1,000 shares held.
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