Tycoons : Announcement on behalf of subsidiary, Tycoons Group International Co., Ltd. regarding the approval of the amount of loans to the parent company.
Announcement on behalf of subsidiary, Tycoons
Group International Co., Ltd. regarding the approval of
the amount of loans to the parent company.
Date of events
2022/08/11
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event: 2022/08/11
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： TYCOONS GROUP ENTERPRISE CO., LTD.
(2) Relationship with lender： Parent company.
(3) Lending limit (thousand NTD)： 759,691
(4) Starting outstanding balance (thousand NTD)： 0
(5) New loan (thousand NTD)： 150,050
(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：
150,050
(8) Reason for new loan (thousand NTD)： The parent company's short-term
financing needs.
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)： 4,797,520
(2) Cumulative gains/losses (thousand NTD)： -1,306,552
5.Method of calculation of interest: None
6.For repayment, the condition and the date: Repayable within one year.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 293,890
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: 8.40
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary's own funds.
10.Any other matters that need to be specified: None
Attachments
Original Link
Original Document
Permalink
Disclaimer
Tycoons Group Enterprise Co. Ltd. published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 07:40:11 UTC.
TYCOONS GROUP ENTERPRISE CO., LTD. is a Taiwan-based company principally engaged in the manufacture, processing and sales of wire rods and screws. The Company provides wire rod products, including rolled steel for general structure, wire rods for core wire of covered electrode, low carbon steel wire rods and high carbon steel wire rods; screw products, including drywall screws, tapping screws, self-drilling screws, chipboard screws, wood screws, mechanical screws and particle board screws, as well as rebar and others. Its products are applied primarily in the manufacture of hand tools, steel wires, steel cables, machines, electronic products, transportation devices, industrial products and others. The Company distributes its products within domestic market and to overseas markets.
Tycoons : Announcement on behalf of subsidiary, Tycoons Group International Co., Ltd. regarding the approval of the amount of loans to the parent company.
TYCOONS GROUP ENTERPRISE CO.,LTD. 
