Taiwan Stocks: Cathay Financial Holding, Vee TIME Corp.

Shares of the following companies may have unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of 9:32 a.m. in Taipei.

The Taiex Index fell 30.01 points, or 0.4 percent, to 7,016.21.

Cathay Financial Holding Co. (2882 TT) gained 1.5 percent to NT$34.45. Cathay Life Insurance Co. bought real estate in Taipei for NT$9.6 billion ($313.7 million), Cathay Financial, parent of the insurer, said in a statement to the Taiwan stock exchange on Sept. 23.

Vee TIME Corp. (8307) (8307 TT) increased 3.6 percent to NT$38.94. The cable television and Internet networking company plans to buy all 200 million shares in VMAX Telecom Co. for NT $1.45 billion, Taichung-based Vee TIME said in a statement to the local stock exchange on Sept. 24.

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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