Kingcan : Announced that the amount of new capital loans reached more than NT$10 million and reached more than 2% of the company's most recent financial statement net value
Announced that the amount of new capital loans reached
more than NT$10 million and reached more than 2% of the
company's most recent financial statement net value
Date of events
2022/03/25
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/25
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:JOUBERT HOLDINGS LIMITED
(2) Relationship with lender:Subsidiary
(3) Lending limit (thousand NTD):2,286,472
(4) Starting outstanding balance (thousand NTD):0
(5) New loan (thousand NTD):429,225
(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:Yes
(7) Outstanding balance (thousand NTD) up to the date of occurrence:429,225
(8) Reason for new loan (thousand NTD):In response to operational
planning and short-term financing needs.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
(1) Loan recipient :None.
(2) Content and the value: 0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) Capital (thousand NTD): 3,323,133
(2) The cumulative gains/losses(thousand NTD): 3,170,415
5.Method of calculation of interest:Refer to the bank's general
loan interest rate
6.For repayment, the condition and the date:
(1) Condition: Loan repayment at maturity
(2) Date: According to actual needs, within 1 year from the date of
payment to the date of resolution of the board of directors
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):4,648,830
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:81.33
9.Sources of funds for the company to extend monetary loans to others:
Financial institution,parent company
10.Any other matters that need to be specified:None.
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Kingcan Holdings Ltd. published this content on 26 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2022 08:20:04 UTC.
Kingcan Holdings Limited is a Cayman Islands-based tinplate can maker in China. The Company provides approximately 50 types of tinplate cans, which include beverage, process food and industrial used cans with daily production capacity of over 10 million cans and an annual capacity of approximately three billion cans. The Company owns approximately 20 fully-automatic production line, which includes various production processes, such as cutting, coating, printing, sheet cutting, welding, side seaming, drying, necking, flanging, can end sealing and vacuum-testing; imported six-color printing, high frequency welding machines, and high-speed canning line from Switzerland, the United Kingdom and Germany. The Company owns over four factories, which include Fuijan Fuzhen Metal Packaging Co., Ltd., Shandong Kingcan Metal Packaging Co., Ltd., Guangdong Kingcan Metal Packaging Co., Ltd. and Hubei Kingcan Metal Packaging Co., Ltd.
Kingcan : Announced that the amount of new capital loans reached more than NT$10 million and reached more than 2% of the company's most recent financial statement net value
KINGCAN HOLDINGS LIMITED 
