Richen-KY (Corrected) Announces Loan to Subsidiary under Article 22, Paragraph 1, Subparagraph 3 of Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies
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AI Summary (NQ-processed)
Richen-KY has corrected its announcement regarding a loan to its subsidiary, Regal Jewelry Manufacture Co., Ltd., under Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies. The loan limit is TWD 329,057 thousand, with a new loan of TWD 60,000 thousand, bringing the outstanding balance to TWD 60,000 thousand. This loan is to meet the subsidiary's operational working capital needs, with interest based on local Thai bank lending rates, and principal and interest to be repaid within one year from the first drawdown date.
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Frequently Asked Questions
- Q: When did Richen-KY announce the loan to its subsidiary Regal Jewelry Manufacture Co., Ltd. under Article 22, Paragraph 1, Subparagraph 3 of the regulations for public companies?
- A: Richen-KY announced the loan to its subsidiary on April 7, 2026, as the official date of occurrence for the loan event.
- Q: What is the relationship between Richen-KY and Regal Jewelry Manufacture Co., Ltd., and what percentage of ownership does Richen-KY hold in the subsidiary?
- A: Regal Jewelry Manufacture Co., Ltd. is an important subsidiary of Richen-KY, with Richen-KY holding 99.99% ownership in the company.
- Q: How much was the new loan amount provided by Richen-KY to Regal Jewelry Manufacture Co., Ltd., and what was the loan balance on the date of occurrence?
- A: The new loan amount provided by Richen-KY was TWD 60,000 thousand, and the loan balance on April 7, 2026, was TWD 60,000 thousand.
- Q: What is the repayment schedule for the loan provided to Regal Jewelry Manufacture Co., Ltd., and when is the final repayment due?
- A: The loan must be repaid within one year from the first drawdown date, with the final repayment due on April 6, 2027.
- Q: What is the ratio of the loan balance to the net worth of Richen-KY's most recent financial statements as of the date of the loan announcement?
- A: The loan balance of TWD 60,000 thousand represents 7.29% of the net worth of Richen-KY's most recent financial statements as of February 28, 2026.