I Sheng Electric Wire & Cable : Announcement on Behalf of the Subsidiary According to Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.
Provided by: I-SHENG ELECTRIC WIRE & CABLE CO., LTD.
SEQ_NO
1
Date of announcement
2021/12/09
Time of announcement
15:38:04
Subject
Announcement on Behalf of the Subsidiary According to
Regulations Governing Loaning of Funds and Making of
Endorsements/Guarantees by Public Companies.
Date of events
2021/12/09
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2021/12/09
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1)Funding recipient name�GAdmiral Holding Corp.
(2)Relationship with lender:I-SHENG Company is the parent company
of Admiral Holding Corp.
The lending company:Year Sweep Limited.
Relationship with lender:I-SHENG Company is the parent company of
Year Sweep Limited.
(3)Lending limit�GNT$ 1,428,253 thousand.
(4)Starting outstanding balance�GNT$ 194,985 thousand.
(5)New loan�GNT$ 97,493 thousand.
(6)Is it part of a scheduled allocation or revolving limit for the
same recipient that the chairman is authorized by
the board of directors to allocate�GNo.
(7)Outstanding balance up to the date of occurrence�GNT$ 292,478 thousand.
(8)Reason for new loan�GBuilding a factory and purchasing equipment.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):NT$ 0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
Capital: NT$ 92,280 thousand.
Accumulated profit/loss: Accumulated loss NT$ -8,778 thousand.
5.Method of calculation of interest:1.5%
6.For repayment, the condition and the date:The loan period is one year.
The borrower can repay all of the loan before the maturity.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$ 2,105,384 thousand.
8.The total amount of monetary loans extended to others as a percentage of
the public company��s net worth on the latest financial statements as of the
date of occurrence:46.62%
9.Sources of funds for the company to extend monetary loans to others:
The source of funds is from the subsidiary itself.
10.Any other matters that need to be specified:None.
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I-Sheng Electric Wire & Cable Co. Ltd. published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 07:51:03 UTC.
I-SHENG ELECTRIC WIRE & CABLE CO., LTD. is a Taiwan-based company principally engaged in the computer peripheral products businesses. The Companyâs primary products include power cord connectors, power cables, signal transmission cables, network wires and optical fiber cables, as well as related plastic materials. The Company mainly operates through two business segments. The Power Connectors segment is mainly engaged in the manufacturing and distribution of power connectors of computers, network communication equipment and consumer electronics. The Plastic Materials segment is mainly engaged in the manufacture of plastic materials for electronic components. The Company mainly operates its businesses in Taiwan, Hong Kong, Japan and other countries.
I Sheng Electric Wire & Cable : Announcement on Behalf of the Subsidiary According to Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.