Announcement of Board resolution to recognize
impairment of assets in accordace with IAS No. 36
Date of events
2021/11/09
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2021/11/09
2.Company name: Tainan Spinning Co., Ltd.
3.Relationship to the Company (please enter ��head office�� or
��subsidiaries��): Head office
4.Reciprocal shareholding ratios: Not applicable
5.Cause of occurrence:
The Company recognized impairment of assets in accordance with IAS No. 36
��Impairment of Assets,�� and recognized impairment loss in the amount of
NT$145,480,391 based on test results.
6.Countermeasures: None
7.Any other matters that need to be specified:
The impairment of assets does not affect cash flow and does not have a
material effect on the Company's operations.
Attachments
Original document
Permalink
Disclaimer
Tainan Spinning Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 08:32:08 UTC.
Tainan Spinning Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and sales of textile products. The products of the Company include cotton yarn, polyester cotton, polyester granules, ester granules for bottles, polyester filaments, finished polyester filaments and others. The Company operates businesses in China, South Korea, Southeast Asia, Japan, the Americas and others.
TAINAN SPINNING CO., LTD. 
