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BRIEF-Cathay Financial unit to invest up to $32 mln in Bank Mayapada Internasional's capital raising
September 30, 2016 / 11:56 AM / a year ago

BRIEF-Cathay Financial unit to invest up to $32 mln in Bank Mayapada Internasional's capital raising

Sept 30 (Reuters) - Cathay Financial, parent of Taiwan’s biggest life insurer, said:

* Its life insurance unit will invest up to $32 million in Bank Mayapada Internasional’s capital raising.

* Says its unit will buy up to 246 million new shares of the Indonesian bank.

* Says the planned acquisition is subject to Indonesian regulatory approval.

Further company coverage: (Reporting by Faith Hung; Editing by Susan Fenton)

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