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News Releases |
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Announced by Yuanta Financial Holdings (formerly Fuhwa FHC) on behalf of its subsidiary, Yuanta Commercial Bank (formerly Fuhwa Bank), to declare asset impairment loss. |
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- Date of occurrence of the event: 2009/01/06
- Company name: Yuanta Commercial Bank (formerly Fuhwa Bank)
- Relationship to the Company (please enter "head office" or "affiliate company"): affiliate company
- Reciprocal shareholding ratios: N/A
- Cause of occurrence: Announced by Yuanta Financial Holdings on behalf of its subsidiary, Yuanta Commercial Bank, to declare goodwill impairment loss of NTD 13.2 hundred millions.
- Countermeasures: N/A
- Any other matters that need to be specified: Yuanta Bank assessed that the goodwill resulted from the acquisition of The Credit Cooperative of Douliou, The Credit Cooperative of Taidong, The Tainan Seventh Credit Cooperative, and The Tainan Sixth Credit Cooperative had been impaired, therefore, recognized impairment loss for NTD 13.2 hundred millions in accordance with SFAS No. 35 "Impairment of Assets".
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