Cathay Financial Holding plans to raise TWD 49.998bn ($1.6bn) through an issue of preferred shares, selling each share for TWD 60 ($1.88), an annual dividend yield of 3.8%, according to two anonymous sources with direct knowledge. Cathay Financial Holding , the parent of Taiwan’s largest life insurer, plans to raise T$49.998 billion ($1.6 billion) through an issue of preferred shares, two sources with direct knowledge of the matter said on Wednesday. The company will also seek a listing on the Hong Kong Stock Exchange and is expected to list its shares in Singapore later this year.
Cathay Financial Holding plans to raise TWD 49.998bn ($1.6bn) through an issue of preferred shares, selling each share for TWD 60 ($1.88), an annual dividend yield of 3.8%, according to two anonymous sources with direct knowledge. The company will also seek a listing on the Hong Kong Stock Exchange and is expected to list its shares in Singapore later this year.