What is the purpose of this loan?

The loan is to provide working capital for the subsidiary, Formosa Oil & Fats Co., Ltd.

What is the relationship between the lender and the borrower?

The lender is Taiwan Ta Food Co., Ltd., and the borrower is Formosa Oil & Fats Co., Ltd. Taiwan Ta Food is the parent company of Formosa Oil & Fats.

What is the loan amount and interest rate?

The new loan amount is NT$260 million, with an annual interest rate of 2.025%.

How does this loan affect the group's overall finances?

It aims to improve fund efficiency within the group and support the subsidiary's operations, contributing to financial stability.

AI News NQ Analysis

[Formosa Oil] Announcement Regarding Loan to Major Subsidiary Taiwan Ta Food Co., Ltd.

Key facts

[Formosa Oil] Announcement Regarding Loan to Major Subsidiary Taiwan Ta Food Co., Ltd.
Formosa Oil announced that its major subsidiary, Taiwan Ta Food Co., Ltd., will provide a loan of NT$260 million to Formosa Oil & Fats Co., Ltd., in accordance with Article 22, Paragraph 1, Item 3 of the "Regulations Governing the Handling of Loans and Endorsements/Guarantees by Publicly Issued Companies." This funding is primarily for operational turnover.
Source: TWSE
Date: Thu Jun 11 2026 09:00:00 GMT+0900 (Japan Standard Time)

Direct answer

Formosa Oil announced that its major subsidiary, Taiwan Ta Food Co., Ltd., will provide a loan of NT$260 million to Formosa Oil & Fats Co., Ltd., in accordance with Article 22, Paragraph 1, Item 3 of the "Regulations Governing the Handling of Loans and Endorsements/Guarantees by Publicly Issued Companies." This funding is primarily for operational turnover.

Citation: [Formosa Oil] Announcement Regarding Loan to Major Subsidiary Taiwan Ta Food Co., Ltd. (Thu Jun 11 2026 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
Source: TWSE
Date: Thu Jun 11 2026 09:00:00 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Formosa Oil announced that its major subsidiary, Taiwan Ta Food Co., Ltd., will provide a loan of NT$260 million to Formosa Oil & Fats Co., Ltd., in accordance with Article 22, Paragraph 1, Item 3 of the "Regulations Governing the Handling of Loans and Endorsements/Guarantees by Publicly Issued Companies." This funding is primarily for operational turnover.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of this loan?: A: The loan is to provide working capital for the subsidiary, Formosa Oil & Fats Co., Ltd.
Q: What is the relationship between the lender and the borrower?: A: The lender is Taiwan Ta Food Co., Ltd., and the borrower is Formosa Oil & Fats Co., Ltd. Taiwan Ta Food is the parent company of Formosa Oil & Fats.
Q: What is the loan amount and interest rate?: A: The new loan amount is NT$260 million, with an annual interest rate of 2.025%.
Q: What regulations govern this transaction?: A: The transaction is based on Article 22, Paragraph 1, Item 3 of the "Regulations Governing the Handling of Loans and Endorsements/Guarantees by Publicly Issued Companies."
Q: How does this loan affect the group's overall finances?: A: It aims to improve fund efficiency within the group and support the subsidiary's operations, contributing to financial stability.