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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
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