1. Date of occurrence: 115/06/11 2. When the balance of endorsements and guarantees reaches 50% or more of the net worth of the publicly issued company's latest financial statement: (1) Name of the company being endorsed and guaranteed: Emerging Shipping Co., Ltd. (2) Relationship with the company providing endorsements and guarantees: It is the parent company with 100% shareholding. (3) Reason for endorsement and guarantee as of the date of occurrence: Guarantee for bank financing facility. (4) Limit of endorsement and guarantee (in thousands of NT$): 6,316,257 (5) Original balance of endorsement and guarantee (in thousands of NT$): 3,800,000 (6) Balance of endorsement and guarantee as of the date of occurrence (in thousands of NT$): 5,300,000 (7) Actual amount utilized by the guaranteed company (in thousands of NT$): 2,953,000 (8) Amount of new endorsement and guarantee this time (in thousands of NT$): 1,500,000 (9) Reason for new endorsement and guarantee this time: Renewal of the original credit line upon expiry. (1) Name of the company being endorsed and guaranteed: Emerging Shipping Co., Ltd. (2) Relationship with the company providing endorsements and guarantees: It is the parent company with 100% shareholding. (3) Reason for endorsement and guarantee as of the date of occurrence: Guarantee for bank financing facility. (4) Limit of endorsement and guarantee (in thousands of NT$): 13,750,223 (5) Original balance of endorsement and guarantee (in thousands of NT$): 300,000 (6) Balance of endorsement and guarantee as of the date of occurrence (in thousands of NT$): 300,000 (7) Actual amount utilized by the guaranteed company (in thousands of NT$): 280,000 (8) Amount of new endorsement and guarantee this time (in thousands of NT$): 0 (9) Reason for new endorsement and guarantee this time: None. (1) Name of the company being endorsed and guaranteed: Norley Corporation Inc. (2) Relationship with the company providing endorsements and guarantees: It is a subsidiary wholly owned by our company (100% shareholding). (3) Reason for endorsement and guarantee as of the date of occurrence: Guarantee for bank financing facility. (4) Limit of endorsement and guarantee (in thousands of NT$): 17,665,267 (5) Original balance of endorsement and guarantee (in thousands of NT$): 9,564,800 (6) Balance of endorsement and guarantee as of the date of occurrence (in thousands of NT$): 9,564,800 (7) Actual amount utilized by the guaranteed company (in thousands of NT$): 940,800 (8) Amount of new endorsement and guarantee this time (in thousands of NT$): 0 (9) Reason for new endorsement and guarantee this time: None. 2. Total limit of endorsements and guarantees (in thousands of NT$): 52,995,801 3. Balance of endorsements and guarantees as of the date of occurrence (in thousands of NT$): 15,164,800 3. As of the date of occurrence, the ratio of the balance of endorsements and guarantees provided to the net worth of the publicly issued company's latest financial statement: 85.85 4. Other matters to be stated: None.

FACT BOX

  • Source: PR Times
  • Category: Corporate News
  • Organizations: Emerging Shipping Co., Ltd. / Norley Corporation Inc.
  • Dates in source: 115/06/11
  • Products / services: Bank Financing Guarantee