Grand Ocean Retail : Announcement on behalf of subsidiary Grand Ocean Classic Commercial Group Co., Ltd increasing loans over NTD10 million and 2% of the recent Net Book Value.
Announcement on behalf of subsidiary Grand Ocean
Classic Commercial Group Co., Ltd increasing loans over
NTD10 million and 2% of the recent Net Book Value.
Date of events
2022/03/07
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/07
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1)Company name: Wuhan Optics Valley Grand Ocean Commercial Development
Limited
(2)Relationship with lender: Holding 100% subsidiary company
(3)Lending limit: NT$ 89,339,220 thousand.
(4)Starting outstanding balance: NT$ 158,730 thousand.
(5)New loan: NT$ 436,010 thousand.
(6)With/without Board's Authorization: Yes.
(7)Outstanding balance up to the date of occurrence: NT$ 594,740 thousand.
(8)Reason for new loan: Working capital.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
Capital:NT$ 85,854 thousand.
The cumulative gains:NT$ 1,566,386 thousand.
5.Method of calculation of interest: None.
6.For repayment, the condition and the date:
Terms/conditions: None.
Date for Repayment:Repayment within 3 year from the date of first
disbursement.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$ 12,319,874 thousand.
8.The total amount of monetary loans extended to others as a percentage of
the public company's net worth on the latest financial statements as of the
date of occurrence:153.61%
9.Sources of funds for the company to extend monetary loans to others:
Financial Institutions.
Parent Company reserve.
10.Any other matters that need to be specified:None.
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Grand Ocean Retail Group Ltd. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 08:58:09 UTC.
Grand Ocean Retail Group Ltd is mainly engaged in the operation of department store retail business. The Company's main sales categories include clothing, jewelry, cosmetics, footwear, sporting goods, household appliances and others. The Company also provides service supporting projects such as catering, supermarkets, beauty salons, women's spas (SPA), children's amusement parks, dance classrooms, cinemas and online retail businesses. The main sales areas are China's first, second and third tier cities, and the terminal sales customers are mainly general consumers.
Grand Ocean Retail : Announcement on behalf of subsidiary Grand Ocean Classic Commercial Group Co., Ltd increasing loans over NTD10 million and 2% of the recent Net Book Value.