Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3
Key facts
- Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3
- Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
- Source: TWSE
- Date: Mon Jun 15 2026 09:00:00 GMT+0900 (Japan Standard Time)
Direct answer
Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
- Citation
- Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3 (Mon Jun 15 2026 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
- Source
- TWSE
- Date
- Mon Jun 15 2026 09:00:00 GMT+0900 (Japan Standard Time)
AI Summary (NQ-processed)
Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
AI Analysis
Frequently Asked Questions
- Q: What kind of company is the loan recipient?
- A: Kunshan Haojun Precision Electronics is a subsidiary of Kangkong-KY's affiliate. It has significant accumulated deficits and weak financial health.
- Q: How large is the loan relative to net assets?
- A: The outstanding loan of NT$96.99 million represents 277.97% of the parent company's net assets, an extremely high ratio.
- Q: What impact does this have on shareholders?
- A: High default risk could negatively affect consolidated earnings and potentially erode shareholder value.