CDF announced the use of funds and the effectiveness from the capital reduction by its subsidiary

2017-07-14
Announcements

Date of announcement  2017/07/14
Time of announcement  18:14:42
 
Date of events   2017/07/14 
To which item it meets paragraph 49
Statement  1.Date of occurrence of the event:2017/07/14
2.Company name:China Development Financial Holding Corporation
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
The NTD 5 billion capital reduction application of KGI
Securities Co. Ltd., subsidiary of CDF, was approved by
Financial Supervisory Commission, R.O.C. on 2017/7/14.
The use of funds and the effectiveness from the capital
reduction is to strengthen CDF's investment capability,
provide funding for potential merge and investment
opportunities, and also enhance operating capital and
strengthen financial structure in the short term.
6.Countermeasures: N/A
7.Any other matters that need to be specified: N/A

next news
CDF announced its and major subsidiaries' unaudited consolidated earnings for and as at June 2017.
2017-07-10
learn more