|
|
 |
 |
News Releases |
|
Announcement of Yuanta Financial Holding Company's (former FFHC) uses and expected effects of the capital acquired from Yuanta Securities Company |
|
- Date of occurrence of the event: 2007/09/17
- Company name: Yuanta Financial Holding Company(former FFHC)
- Relationship to the Company (please enter "head office" or
"affiliate company"): Head office
- Reciprocal shareholding ratios: N/A
- Cause of occurrence: The application for NTD 16 billion capital reduction by
Yuanta Securities Company (former Fuhwa Securities Company), the subsidiary of Yuanta Financial Holding Company, was approved by Financial Supervisory Commission with document No.0960051698 on September 14, 2007.
- Countermeasures:
Main purpose:
Participating in the subsidiaries, Yuanta Bank(former Fuhwa Bank) ,Yuanta
Asset Management (former Fuhwa Asset Management) and Yuanta Securities
Finance (former Fuhwa Securities Finance) issue new shares NTD 10 billion, 3 billion, 2 billion, individually. The remaining capital would be settled the borrowings or the other capital's requirements.
Anticipant benefit:
Yuanta Bank (former Fuhwa Bank), Yuanta Asset Management (former Fuhwa Asset Management) and Yuanta Securities Finance (former Fuhwa Securities Finance) would increase working capital and improve BIS ratio, the Company would increase investment income and modify assets quality.
- Any other matters that need to be specified: None
|
|
|
|
|
|
