1. Date of Event: 115/08/06
2. Recipient of Fund Lending: (1) Company Name: Liaoning Hetai Automotive Components Co., Ltd. (2) Relationship with Lending Company: Subsidiary in which the Company holds 73.89% (3) Fund Lending Limit (in thousands): 413,030 (4) Previous Outstanding Balance (in thousands): 96,160 (5) Amount of New Fund Lending (in thousands): 57,696 (6) Whether authorized by the Board of Directors for the Chairman to disburse funds multiple times or cyclically to the same recipient: Yes (7) Outstanding Balance as of Event Date (in thousands): 153,856 (8) Reason for New Fund Lending: Borrowing new funds to repay old debts
3. Collateral Provided by Recipient: (1) Description: None (2) Value (in thousands): 0
4. Latest Financial Statement of Recipient: (1) Capital (in thousands): 355,491 (2) Accumulated Profit/Loss (in thousands): -67,264
5. Interest Calculation Method: Monthly interest calculation
6. Repayment Terms: (1) Conditions: Lump-sum repayment upon maturity; early repayment allowed with one-day prior notice to lender (2) Date: One year from actual disbursement date
7. Total Outstanding Fund Lending Balance as of Event Date (in thousands): 471,357
8. Ratio of Outstanding Fund Lending to Parent Company's Latest Net Equity: 11.41%
9. Source of Funds Lent by Company: Parent Company
10. Other Matters to be Disclosed: None
FACT BOX
- Source: PR Times
- Category: News
- Dates in source: 115/08/06