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

2021-10-19
Announcements

Date of announcement   2021/10/19  

Time of announcement   17:28:59

Date of events   2021/10/19

To which item it meets   paragraph 51

 

Statement      

1.Date of occurrence of the event:2021/10/19

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:Not applicable.

5.Cause of occurrence:

1) The NTD$ 2.5 billion capital reduction of KGI Securities, a subsidiary

 of CDF, has been approved by Financial Supervisory Commission, R.O.C. on

 October, 19, 2021.

 2) The use of funds and the effectiveness from the capital reduction: To

 provide partial funding for the share swap with China Life, and repay

 additional debt incurred for the previous tender offer.

6.Countermeasures:No.

7.Any other matters that need to be specified:No.