1. Date of Fact: 115/08/10
2. Recipient of Fund Lending: (1) Company Name: GLOBAL ADVANCE TECHNOLOGY LIMITED (2) Relationship with Lending Entity: 100% owned subsidiary (3) Lending Limit (in thousand NTD): 12,998,994 (4) Previous Outstanding Balance (in thousand NTD): 0 (5) Amount of Additional Lending This Time (in thousand NTD): 193,860 (6) Is this a board-authorized revolving or multiple disbursement loan by the Chairman to the same recipient: Yes (7) Outstanding Balance as of Fact Date (in thousand NTD): 193,860 (8) Reason for Additional Lending: Short-term working capital turnover
3. Collateral Provided by Recipient: (1) Description: None (2) Value (in thousand NTD): 0
4. Latest Financial Statement of Recipient: (1) Capital (in thousand NTD): 2,964,584 (2) Accumulated Profits/Losses (in thousand NTD): 2,011,754
5. Interest Calculation Method: Interest-free
6. Repayment Terms: (1) Conditions: Repayable in installments; early repayment allowed upon mutual agreement (2) Date: As per agreed terms
7. Total Outstanding Fund Lending as of Fact Date (in thousand NTD): 1,110,818
8. Ratio of Outstanding Lending to Net Equity of Public Company (based on latest financials): 12.00%
9. Source of Lending Funds: The subsidiary’s own funds
10. Other Matters to be Disclosed: 1. The latest financial statements refer to Q2 115 financial report. 2. Exchange rate used: TWD 32.31 per USD, based on Bank of Taiwan’s mid-rate on 115/07/31.
FACT BOX
- Source: PR Times
- Category: Funding
- Organizations: FORTUNE TOWER HOLDING CO., LTD / GLOBAL ADVANCE TECHNOLOGY LIMITED
- Dates in source: 115/08/10