SEQ_NO | 1 | Date of announcement | 2013/04/24 | Time of announcement | 17:43:16 |
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 | 2013/04/24 | To which item it meets | article 2 paragraph 23 | ||
Statement |
1.Date of occurrence of the event:2013/04/24 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 New Century (China) Ltd. (2)relationship to the Company:A subsidiary of Far Eastern Polytex (Holding) Limited (3)ceiling on the loan amounts: 4,002,092 Thousand NT Dollars (4)amount of loans originally extended: 0 (5)amount of the current additional loans: 3,875,950 Thousand NT Dollars (6)Yes (7)total extended amount of loans: 3,875,950 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:1,733,759 Thousand NT Dollars Accumulated profit/loss:98,774 Thousand NT Dollars 5.Method of calculation of interest: According to the“Procedure for Lending of Capital to Others” by Far Eastern Polytex (Holding) Limited, 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 Polytex (Holding) Limited, 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: 45,035,388 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: 40.81% 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 |