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Cathay United Bank sells US$15M of lending assets

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Cathay United Bank sells US$15M of lending assets

Cathay United Bank Co. Ltd.'s Hong Kong branch sold US$15 million of performing lending assets to Hua Nan Commercial Bank Ltd.'s Hong Kong branch, according to a May 9 stock exchange filing.

Cathay United Bank is a unit of Taiwan's Cathay Financial Holding Co. Ltd.