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CTBC Financial unit to issue new shares

CTBC Financial Holding Co. Ltd. unit CTBC Securities Investment Service plans to raise NT$30 million by issuing new shares.

CTBC Securities Investment will issue 3 million shares to existing shareholders and employees, according to a Nov. 30 release.

Proceeds from the share issuance will be used to strengthen the company's capital structure and to develop business.

As of Nov. 30, US$1 was equivalent to NT$29.98.