Taiwan's No.1 insurer Cathay Financial taps into private equity investment
Cathay Financial Holding Co., Taiwan’s largest listed financial services company, received formal approval by its board for its life insurance unit to invest up to $150 million in overseas private equity, as well as executing a purchase plan in local real estate assets for up to $121 million.
Cathay Financial's shares rose on the news. Real estate values in Taipei and elsewehere in Taiwan are expected to rise as economic and investment ties increase between the island and mainland China. Cathay...
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