Subsidiary-Cathay Life has passed a resolution to set up a life insurance subsidiary in Vietnam
2007-11-23
1.Date of occurrence of the event:2007/11/23
2.Company name:Cathay Life Insurance Company
3.Relationship to the Company (please enter ”head office” or
”affiliate company”):affiliate company
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:Cathay Life decided to build a wholly owned life
insurance subsidiary company in Vietnam. The prearranged capital of the
subsidiary is $60,000,000.-.
6.Countermeasures:NA
7.Any other matters that need to be specified:NA