New loan extended to subsidiaries exceeding 2%
of the Company's net worth on the latest financial
statements
Date of events
2022/03/17
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/17
2.Funding recipient (1)Name(2)Relationship with lender
(3)Lending limit (thousand NTD)(4)Starting outstanding
balance (thousand NTD)(5)New loan (thousand NTD)(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(7)Outstanding
balance (thousand NTD) up to the date of occurrence
(8)Reason for new loan (thousand NTD):
(1)Name: REDWOOD INTERIOR PTE LTD / REDWOOD FURNITURE
SDN. BHD.
(2)Relationship with lender: 100% wholly owned
subsidiary of the Company
(3)Ledning limit (thousand NTD): 286,442 / 286,442
(4)Starting outstanding balance (thousand NTD): 0
(5)New loan (thousand NTD): 30,000 / 30,000
(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: 30,000 / 30,000
(8)Reason for new loan (thousand NTD): The BOD authorized
the ledning limit to the the chairman.
3.For collaterals provided by the loan recipient, the
(1)Content(2)Value (thousand NTD):
(1)Content: None
(2)Value (thousand NTD): 0
4.For the latest financial reports of the loan recipient, the
(1)Capital (thousand NTD)(2)Cumulative gains/losses
(thousand NTD):
(1)Capital (thousand NTD):704,949
(2)Cumulative gains/losses (thousand NTD):248,437
5.Method of calculation of interest:
None
6.For repayment, the(1)Condition(2)Date:
(1)Condition: 1year
(2)Date: By 2023/03/16
7.The amount of monetary loans extended to others as
of the date of occurrence (thousand NTD):60,000
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:8.38%
9.Sources of funds for the company to extend monetary
loans to others: self funding
10.Any other matters that need to be specified: None
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Redwood Group Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 07:50:03 UTC.
Redwood Group Ltd is a Cayman Islands-based contract manufacture, which is principally engaged in manufacturing interior fittings for luxury brands. The Company has its operations in Singapore and Malaysia. The Company's subsidiaries include Redwood Interior Pte Ltd, Redwood Furniture Sdn Bhd, Redwood (Shanghai) Pte Ltd, Redwood (HK) Ltd, Redwood Projects Sdn Bhd., Redwood Projects Sdn Bhd and Redwood Projects France S.A.S.