China General Plastics Corporation Announces New Inter-Company Loans Under Article 22 of Regulations Governing Loaning Funds to and Endorsements/Guarantees for Other Parties by Public Companies
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China General Plastics Corporation announced new inter-company loans to two subsidiaries under Article 22 of the regulations for public companies. A loan of NT$1 billion was granted to China General Polymer Corporation and NT$500 million to Taiwan VCM Corporation, totaling NT$1.5 billion. These loans address short-term funding needs, with the loan to China General Polymer being a renewal of a previous expiring loan.