Jiagao Announces Subsidiary Shanghai Jiagao Food Co., Ltd. Announcement of Fund Loan Reaching the Announcement Standard of Article 22, Paragraph 1, Item 3 of the "Regulations Governing Fund Lending and Endorsement/Guarantee by Publicly Issued Companies"
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AI Summary (NQ-processed)
Jiagao announced that its subsidiary, Shanghai Jiagao Food Co., Ltd., will provide a fund loan of NT$624.24 million to its parent company, Jiagao Investment (China) Co., Ltd., with a term of one year, funded by the subsidiary's own capital.
AI Analysis
Frequently Asked Questions
- Q: What is the name and relationship of the recipient receiving the fund loan?
- A: The recipient is Jiagao Investment (China) Co., Ltd., which is a wholly-owned subsidiary held 99% by the parent company.
- Q: What is the amount of the new fund loan and what is the reason for it?
- A: The amount of the new fund loan is 624,240 thousand NT$, and it is for operational turnover needs.
- Q: What are the repayment conditions and the interest calculation method for the fund loan?
- A: The interest is calculated based on market interest rates at the time of borrowing, and the principal and interest will be repaid in cash upon maturity.
- Q: What collateral is provided by the company receiving the fund loan and what is its value?
- A: No collateral is provided by the company receiving the fund loan, and the collateral value is 0 thousand NT$.
- Q: What is the source of the funds lent and the ratio of the outstanding balance to net worth?
- A: The source of the funds is the subsidiary's own funds, and the ratio of the outstanding balance to net worth is 3.36.