Transferring EVA Air and Cathay Financial Holdings by EVA International

Reported about 1 year ago

According to a report from Taipei, on June 11, 2024, the four brothers of the Chang family at Evergreen Group reached a peaceful split, with Chang Yung-fa's family holding company EVA International (EIC) filing that they will transfer 45,000 EVA Air shares and 15,000 Cathay Financial Holdings shares within a month, aiming to clear their holdings as part of the family separation plan to welcome Chang Kuo-hwa's era. This marks the fourth time EVA International declared the transfer of EVA Air shares and the third time for Cathay Financial Holdings. The profits from the transfers will be distributed based on the equity ratio. The Chang family is expected to continue selling off their EVA Air and Cathay Financial Holdings shares, with Chang Kuo-hwa leading Evergreen Group towards becoming a key controlling core. Currently, the Chang family is the largest shareholder of Evergreen, holding 15.54% of the company and controlling rights.

Source: YAHOO

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