Hwa Fong Rubber Industrial : The amount of new loans funded by the Company reaches NT$10 million and is higher than 2% of the net worth stated in the latest financial report.
The amount of new loans funded by the Company
reaches NT$10 million and is higher than 2% of the net
worth stated in the latest financial report.
Date of events
2022/08/10
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/08/10
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)Funding recipient name:HWA FONG RUBBER (CHINA) CO., LTD
(2)Relationship with lender:The Company's subsidiary
(3)Lending limit (thousand NTD):308,126
(4)Starting outstanding balance (thousand NTD):178,020
(5)New loan (thousand NTD):100,878
(6)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:Yes.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:278,898
(8)Reason for new loan (thousand NTD):Extension of original contract.
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):
(1)Capital(thousand NTD):1,621,790
(2)Cumulative gains/losses(thousand NTD):-1,965,511
5.Method of calculation of interest:Interest calculated semi-annually.
6.For repayment, the condition and the date:
(1)Condition:Pay off debts.
(2)Date:In accordance with the contract.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):1,162,537
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:37.73
9.Sources of funds for the company to extend monetary loans to others:Others.
10.Any other matters that need to be specified:None.
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HWA FONG Rubber Ind. Co. Ltd. published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 09:36:09 UTC.
Hwa Fong Rubber Ind Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing, distribution and trading of tires and other rubber products. The Company provides bicycle tires, agricultural and industrial tires, motorcycle tires, truck tires, automobile tires, radial tires and other rubber products. Its tire products are applied in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The Company distributes its products in Taiwan market and to Mainland China, the Americas, Thailand and other markets.
Hwa Fong Rubber Industrial : The amount of new loans funded by the Company reaches NT$10 million and is higher than 2% of the net worth stated in the latest financial report.
HWA FONG RUBBER INDUSTRIAL CO., LTD. 