Cathay Hospitality Management Co., Ltd announced that it has received TWD 390 million in funding from Cathay Real Estate Development Co.,Ltd.
Cathay Hospitality Management Co., Ltd announced that it has issued 39,000,000 shares at an issue price of TWD 10 per share for gross proceeds of TWD 390,000,000 on November 11, 2021. The transaction included participation from returning investor Cathay Real Estate Development Co.,Ltd. The transaction has been approved by the board of directors of investor.