1. Date of Event: May 20, 115 2. Recipient of Funding: (1) Company Name: Wuhan Dayang Crystal Commercial Development Co., Ltd. (2) Relationship: A subsidiary in which the company holds a 100% indirect stake. (3) Limit of Funding (in thousands): 59,024,600 (4) Previous Loan Balance (in thousands): 53,231 (5) Additional Funding Amount (in thousands): 23,144 (6) Authorized by the Board for repeated or revolving use: Yes (7) Current Loan Balance as of Event Date (in thousands): 76,375 (8) Reason for Additional Funding: Operational requirements 3. Collateral provided: (1) Details: None (2) Value (in thousands): 0 4. Recent Financial Statements of the Recipient: (1) Capital (in thousands): 231,198 (2) Accumulated Earnings/Losses (in thousands): 1,512,970 5. Interest Calculation: None 6. Repayment Terms: (1) Conditions: None (2) Date: Within three years 7. Total Loan Balance as of Event Date (in thousands): 12,390,322 8. Ratio of loan balance to net worth per recent financial statements: 327.62% 9. Source of Funding: Financial institutions, parent company 10. Other matters: None
FACT BOX
- Source: PR Times
- Category: News