1. Date of Event: August 10, 115
2. Recipient of Loan: (1) Company Name: RICHIE (Nantong) Machinery Components Co., Ltd. (2) Relationship to Lending Company: 100% indirectly owned subsidiary (3) Loan Limit (in thousand NT$): 240,000 (4) Previous Loan Balance (in thousand NT$): 7,043 (5) Amount of New Loan (in thousand NT$): 32,865 (6) Is this a board-authorized revolving or multi-tranche loan by the Chairman to the same recipient?: Yes (7) Total Loan Balance as of Event Date (in thousand NT$): 39,908 (8) Reason for New Loan: Short-term working capital needs
3. Collateral Provided by Borrower: (1) Description: Not applicable (2) Value (in thousand NT$): 0
4. Latest Financial Statement of Borrower: (1) Capital (in thousand NT$): 241,531 (2) Accumulated Deficit (in thousand NT$): -98,338
5. Interest Calculation: Interest rate shall not be lower than the average interest rate of the Company’s short-term borrowings from financial institutions.
6. Repayment Terms: (1) Conditions: Repayable in full at maturity or at any time prior (2) Due Date: Within one year from the date of first disbursement
7. Total Loan Balance as of Event Date (in thousand NT$): 39,908
8. Ratio of Loan Balance to Parent Company’s Latest Net Equity: 3.03%
9. Source of Loan Funds: Parent Company
10. Other Disclosures: (1) The loan amount is equivalent to RMB 7 million. (2) Exchange rate used: 4.695 (RMB to NT$) as of June 115.
FACT BOX
- Source: PR Times
- Category: Funding
- Dates in source: 115/08/10