SEQ_NO | 1 | Date of announcement | 2014/03/21 | Time of announcement | 17:24:33 |
Subject |
According to Article 22-1-3 of regulations governing the“Procedures for Lending of Capital to Others, and Endorsements and Guarantees by Public Companies” |
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Date of events | 2014/03/21 | To which item it meets | article 2 paragraph 23 | ||
Statement |
1.Date of occurrence of the event:2014/03/21
2.Name of the company who receive the monetary loans, its
relationship to the Company who extend the loans, ceiling
amount on the monetary loans extended, amount of loans
originally extended, amount of the current additional loans,
whether or not the board of directors authorize the chairperson
to give loans for the borrowing counterparty; total extended
amount of loans and the reason for loans as of the date of
occurrence of the event:
(1)Name of the company to which the loans have been
extended:Far Eastern Industries (Shanghai) Ltd.
(2)relationship to the Company:A subsidiary of
Far Eastern Polychem Industries Ltd.
(3)ceiling on the loan amounts:
14,271,972 Thousand NT Dollars
(4)amount of loans originally extended:
0
(5)amount of the current additional loans:
4,960,180 Thousand NT Dollars
(6)Yes
(7)total extended amount of loans:
4,960,180 Thousand NT Dollars
(8)reason for the current additional loans:
To enhance working capital
3.Content and value of collaterals provided by the loan recipient, if any:
None
4.Capital and Accumulated profit/loss of the loan recipient
according to its latest financial report:
Capital:9,290,796 Thousand NT Dollars
Accumulated profit/loss:-1,395,638 Thousand NT Dollars
5.Method of calculation of interest:
According to the“Procedure for Lending of Capital to Others”
by Far Eastern Polychem Industries Ltd, interest for inter-company
loans shall be calculated on a floating rate or negotiated
rate basis which rate is subject to adjustment depending on
the costs of fund of the Company.
6.Terms/conditions and date for repayment:
According to the“Procedure for Lending of Capital to Others”
by Far Eastern Polychem Industries Ltd, the term of loans extended
by the Company shall not exceed one year.The foresaid
restriction shall not apply to the term of loans between
foreign companies in which the parent company of the Company
holds, directly or indirectly, 100% of the voting shares;
under this circumstance, the maximum period shall not exceed
three years depending on demands of loan borrowers.
7.The Company’s total amount of monetary loans extended
as of the date of occurrence of the event:
53,040,582 Thousand NT Dollars
8.The ratio of the total amount of monetary loans extended
to the Company’s net worth on its most recent financial
statements as of the date of occurrence of the event:
48.08%
9.Sources of funds to extend monetary loans to others:
Loans from financial institutions and internal cash flow
10.Any other matters that need to be specified:NA
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