What is the purpose of this fund lending?

To meet the subsidiary's working capital needs and ensure production continuity.

What is the relationship with the borrowing company?

Weiqin Electronics Co., Ltd. in Dongguan is a 100% wholly-owned subsidiary of Koqin.

Is there any collateral?

No collateral was provided. This is an unsecured loan.

What are the interest rate and repayment terms?

The interest rate is 2.5% per annum, with repayment per contract terms.

How was the exchange rate applied?

RMB 140 million was converted at the Bank of Taiwan's spot rate of 4.689 on 115/07/01, totaling NT$656.46 million.

AI News NQ Analysis

Koqin Announces Fund Lending to Subsidiary Dongguan Weiqin Electronics Co., Ltd.

NQ Score 79/100

N1 Content Completeness 9

AI Summary (NQ-processed)

Koqin has provided an additional fund lending of NT$656.46 million to its 100%-owned subsidiary, Dongguan Weiqin Electronics Co., Ltd., to meet working capital requirements, under board authorization.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of this fund lending?: A: To meet the subsidiary's working capital needs and ensure production continuity.
Q: What is the relationship with the borrowing company?: A: Weiqin Electronics Co., Ltd. in Dongguan is a 100% wholly-owned subsidiary of Koqin.
Q: Is there any collateral?: A: No collateral was provided. This is an unsecured loan.
Q: What are the interest rate and repayment terms?: A: The interest rate is 2.5% per annum, with repayment per contract terms.
Q: How was the exchange rate applied?: A: RMB 140 million was converted at the Bank of Taiwan's spot rate of 4.689 on 115/07/01, totaling NT$656.46 million.