What are the new loan amounts?

126.56 million NTD (USD 4 million) to the Vietnamese subsidiary and 253.12 million NTD (USD 8 million) to the Indonesian subsidiary.

Are these loans revolving?

Yes, the board has authorized the chairman to allow for multiple drawdowns and revolving use of the funds within the approved limits and term.

AI News NQ Analysis

Chih Chiang-KY: Subsidiary SPG (Samoa) Announces Fund Lending

NQ Score 0/100

AI Summary (NQ-processed)

Chih Chiang-KY announced that its subsidiary, SPG (Samoa), is providing fund lending to its wholly-owned Vietnamese and Indonesian subsidiaries, All Wells International Co., Ltd. (Vietnam) and PT Can Sports Industrial Indonesia. The total new lending amounts to 379.68 million NTD (USD 12 million) for operational turnover. The lending is on a revolving basis, approved by the board.

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Frequently Asked Questions

Q: Which subsidiaries are receiving funds?: A: All Wells International Co., Ltd. (Vietnam) and PT Can Sports Industrial Indonesia.
Q: What is the purpose of these loans?: A: Operational turnover.
Q: What are the new loan amounts?: A: 126.56 million NTD (USD 4 million) to the Vietnamese subsidiary and 253.12 million NTD (USD 8 million) to the Indonesian subsidiary.
Q: Are these loans revolving?: A: Yes, the board has authorized the chairman to allow for multiple drawdowns and revolving use of the funds within the approved limits and term.