Announcement on behalf of
Wisdom Marine Lines S.A. for Intercompany Loan
Date of events
2022/01/14
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/01/14
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: Wisdom Marine Lines Co., Limited
(2) relationship with lender: Ultimate parent company
(3) lending limit (thousand NTD): 82,609,375
(4) starting outstanding balance (thousand NTD): 35,740,068
(5) new loan (thousand NTD): 1,243,800
(6) board of directors authorization: Yes
(7) outstanding balance (thousand NTD): 36,983,868
(8) reason for new loan (thousand NTD): Operational Capital
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD): Nil
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) the capital (thousand NTD): 7,464,092
(2) the cumulative gains/losses(thousand NTD):15,638,577
5.Method of calculation of interest: 3% per annum
6.For repayment, the condition and the date:
1 year, 2023/1/13
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 36,983,868
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: 117.65%
9.Sources of funds for the company to extend monetary loans to others:
The company itself.
10.Any other matters that need to be specified:
Wisdom Marine Lines S.A. provides funds to
its ultimate parent company for Operational.
The financial, business and major decisions of each affiliated company
are made directly by the ultimately parent company.
And regularly report the financial status to the BOD, so its substance is
different from the lending of funds to others in other industries.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Wisdom Marine Lines Co. Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 09:11:03 UTC.
Wisdom Marine Lines Co Ltd is a Taiwan-based company mainly engaged in the ship leasing and marine transportation business. The Company operates long-term charter, short-term charter and management business, international maritime transportation business, ship related management and maintenance business, shipping agency business and ship trading business. The fleet includes bulk ships, timber carriers, double-deck ships, multi-purpose ships and container ships of various tonnage. It mainly transports bulk materials. The ships are mainly leased to customers in Japan and Europe, and the routes cover Southeast Asia, India, China, Middle East, Africa, South America and other regions.