Why was this loan disclosed?

The loan balance exceeded the regulatory threshold relative to equity, requiring public disclosure under Taiwan rules.

What is the subsidiary's financial health?

Capital is NT$1.15 billion, but accumulated losses of NT$151 million indicate financial vulnerability.

Why is the interest rate 0%?

It's an interest-free intra-group loan to support strategic acquisition by the subsidiary.

When is repayment due?

Repayment is scheduled within five years from the event date.

HORNG HSU-KY Announces New Loan Amount Reaching Disclosure Threshold under Taiwan's Public Company Lending and Guarantee Regulations Article 22

Q: What is the source of funds?

Proceeds from the private placement of common shares in Year 115.

Published Jul 22, 2026 9:00 AM ・ Updated Jul 23, 2026 5:35 PM ・ 3 min read ・ Source: PR Times

HORNG HSU-KY has extended a new interest-free loan of TWD 300 million to its subsidiary, HORNG SHIUE INDUSTRIAL CO., LTD., to fund the subsidiary's cash acquisition of shares in Chen Chi Technology Co., Ltd. The loan balance now reaches 33.76% of the company's net equity, triggering mandatory disclosure.

1. Date of Event: 115/07/22

2. Information on the Recipient of the Loan: (1) Company Name: HORNG SHIUE INDUSTRIAL CO., LTD. (2) Relationship with the Lending Company: Parent-Subsidiary (3) Loan Limit (in thousand TWD): 355,458 (4) Previous Loan Balance (in thousand TWD): 0 (5) Amount of New Loan (in thousand TWD): 300,000 (6) Whether the Board authorized the Chairman to disburse loans in installments or allow revolving usage to the same recipient: No (7) Loan Balance as of the Event Date (in thousand TWD): 300,000 (8) Reason for the New Loan: To provide funds to the subsidiary for the cash payment to acquire shares of Chen Chi Technology Co., Ltd.

3. Collateral Provided by the Borrowing Company: (1) Description: None (2) Value (in thousand TWD): 0

4. Financial Information of the Borrowing Company (Latest Financial Statements): (1) Capital (in thousand TWD): 1,149,466 (2) Accumulated Profits/Losses (in thousand TWD): -151,372

5. Interest Calculation Method: 0%

6. Repayment Terms: (1) Conditions: Within a period not exceeding five years (2) Date: Within a period not exceeding five years

7. Loan Balance as of the Event Date (in thousand TWD): 300,000

8. Ratio of Loan Balance to the Net Equity of the Public Company (Based on Latest Financial Statements): 33.76%

9. Source of Loan Funds: Others

10. Other Matters to be Disclosed: Proceeds from the private placement of common shares in the 115th fiscal year.

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Source: PR Times
Category: Funding
Organizations: HORNG SHIUE INDUSTRIAL CO., LTD.
Dates in source: 115/07/22

HORNG HSU-KY Announces New Loan Amount Reaching Disclosure Threshold under Taiwan's Public Company Lending and Guarantee Regulations Article 22

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