TWSE 2637 / LSE WML

News

The Company Provides Endorsements/Guarantees for its Subsudaries

2016 / 01 / 29

FIN

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 2 Date of announcement 20160129
Subject The Company Provides Endorsements/Guarantees for its Subsudaries
Date of events 2016/01/29 To which item it meets article 4 paragraph 22
Statement 
1.Date of occurrence of the event:2016/01/29
2.The company name of the party for whom the endorsements/guarantees
  were made; its relationship with the Company; the ceiling on the 
  endorsements/guarantees;the original amount of endorsements/guarantees;
  the amount of the current additional endorsements/guarantees;
  the amount of endorsements/guarantees as of the date of occurrence
  of the event; the actual loaned amount of the company who was made 
  the endorsements/guarantees; the reason for the current additional 
  endorsements/guarantees:
(1) company name: Daiwan Hero S.A., Daiwan Infinity S.A., and
    Sakizaya Justice S.A.
(2) relationship with the Company: Indirect subsidiaries (100%)
(3) ceiling on the endorsements/guarantees: US$1,345,376,354
(4) original amount of endorsements/guarantees: US$0
(5) amount of the current additional endorsements/guarantees:
    US$57,000,000
(6) amount of endorsements/guarantees as of the date of occurrence
    of the event: US$57,000,000
(7) actual loaned amount of the company who was made the
    endorsements/guarantees: US$0
(8) reason for the current additional endorsements/guarantees:
    Vessel loans
3.Content and value of collaterals provided by the party
  for whom the endorsements/guarantees were made:
(1) contentof collaterals: vessels
(2) value of collaterals: US$77,530,000
4.Capital and accumulated profit/loss for whom the endorsements/guarantees 
  were made according to its latest financial report:US$30,000
5.Terms/conditions and date of release of the Company's
  endorsement/guarantee obligations:completion of repayments/8.5 years
6.The total amount of ceiling on endorsement/guarantee:US$8,072,258,126
7.The total amount of endorsements/guarantees as of the date 
  of occurrence of the event:US$2,513,563,826
8.The ratio of the amount of endorsements/guarantees to the
  Company's net worth according to the latest financial report 
  as of the date of occurrence of the event:2.99
9.The ratio of the aggregate amount of long term 
   investments, endorsements/guarantees, and monetary loans
   extended to others to the Company's net worth according
   to the latest financial report:4.29
10.Any other matters that need to be specified:
The endorsements/gurantees are made by both the Company and its subsidary,
Wisdom Marine Lines S.A.

Wisdom Marine Lines Co. Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2016 09:08:27 UTC

Original Document: http://www.wisdomlines.com.tw/wisdom/php/news_content_e.php?no=286