【Lotes】Announcement of New Loan to Subsidiary Exceeding NT$10 Million and 2% of Net Worth
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Lotes has announced a new loan of NT$92.662 million to its wholly-owned subsidiary, Tianjin Luosheng Enterprise Co., Ltd., for working capital. This brings the total loan balance to the subsidiary to NT$231.655 million, exceeding both the NT$10 million threshold and 2% of Lotes' recent net worth. No collateral was provided for this loan.