Cathay Financial Holding is seeking to buy back $310.5 billion worth of shares, The Wall Street Journal reports. Taiwan’s biggest financial holding company will buy the shares from the open market. The firm intends to repurchase 200 million shares at $1.13-1.55 each through October 9. Cathay Financial operates its businesses via life insurance services, including life insurance, injury insurance, health insurance and annuity insurance.

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