CTBC Financial : announces the Board of Directors approved the signing of MOU(draft) with China Development Bank
April 27, 2015 at 07:19 am IST
Share
1.Date of occurrence of the event:2015/04/24
2.Counterparty to the contract or commitment:China Development Bank
3.Relationship to the Company:NA
4.Starting and ending dates (or rescission date) of the
contract or commitment:
The official signing of the MOU is subject to approval of Board of Directors.
5.Major content (not applicable where rescinded):
In accordance with existing regulations, the MOU is proposed to support mutual business cooperation and development.
6.Restrictive covenants (not applicable where rescinded):
Contents of the MOU shall be in compliance with relevant regulations released by FSC and CBRC.
7.Effect on company finances and business (not applicable where rescinded):
The conclusion of the MOU will advance business cooperation between both parties. There is no major influence upon financials in the short term.
8.Concrete purpose/objective (not applicable where rescinded):
The conclusion of the MOU will enhance the financial stability and allow both parties to provide better services to clients.
9.Any other matters that need to be specified:
As this is an non-binding MOU, when there is future concrete cooperation opportunity, CTBC Financial Holding Co., Ltd and China Development Bank will
sign the official contract.
CTBC FINANCIAL HOLDING CO., LTD. is a Taiwan-based financial holding company. The Company is principally engaged in investment banking business, bills finance business, credit card business, trust business, insurance business, securities business, futures business, venture capital business, securities investment trust business, foreign financial institution investment business and other financial related businesses. The Company operates its businesses in domestic market and overseas markets.