Ho Tung Chemical : Bulletin on behalf of subsidiary Jintung Petrochemical Corporation LTD.Governing Loaning of Funds and Making of Endorsements/Guarantees -item 1of paragraph 3,Article 22
Bulletin on behalf of subsidiary Jintung Petrochemical
Corporation LTD.Governing Loaning of Funds and Making of
Endorsements/Guarantees -item 1of paragraph 3,Article 22
Date of events
2021/11/26
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2021/11/26
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:Sichuan Jintung Fine Chemical Corporation Ltd.
(2)relationship with lender:100% owned subsidiary of the company
(3)lending limit (thousand NTD):1,676,496
(4)starting outstanding balance (thousand NTD):0
(5)new loan (thousand NTD):304,640
(6)is it part of a scheduled allocation or revolving limit forthe 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:304,640
(8)reason for new loan (thousand NTD):Short-term financing
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
capital (thousand NTD):174,080
cumulative gains/losses(thousand NTD):645,259
5.Method of calculation of interest:According to the one-year benchmark
interest rate announced by the People's Bank of China, 4.35%
6.For repayment, the condition and the date:According to the agreed conditions
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):550,876
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:4.46%
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary itself
10.Any other matters that need to be specified:None
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HO TUNG CHEMICAL Corp. Ltd. published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 09:29:05 UTC.
HO TUNG CHEMICAL CORP. is a Taiwan-based company principally engaged in the manufacture and trading of chemical products and the storage of oil products. The Companyâs products include paraffin hydrocarbon, acetylene, alkyl benzene, alkyl benzene sulphonic acid, diesel, fuel oil and cement, among others. The Company operates businesses through five segments, including chemical products segment, oil products segment, investment segment, cement segment and construction segment. The Company operates businesses in Taiwan, Mainland China, Southeast Asia and other regions.
Ho Tung Chemical : Bulletin on behalf of subsidiary Jintung Petrochemical Corporation LTD.Governing Loaning of Funds and Making of Endorsements/Guarantees -item 1of paragraph 3,Article 22