【San Neng-KY】Announcement by subsidiary East Gain Investment Limited regarding planned capital increase for PT. Sanneng Asia Industry Indonesia
San Neng-KY's consolidated subsidiary, East Gain Investment Limited, announced a capital increase of USD 4 million (accumulated USD 5.8 million) for PT. Sanneng Asia Industry Indonesia to support business expansion. This is part of the group's overseas expansion strategy and will be funded by own capital and bank loans.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 10:07 (2h 7m after Collected)
1. Name and nature of the target object (for preferred shares, issuing conditions such as dividend rate should also be specified): PT. Sanneng Asia Industry Indonesia
2. Date of occurrence of the event: 2026/5/12~2026/5/12
3. Date of board of directors' resolution: May 12, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Transaction volume and unit price: Not applicable
Total transaction amount: USD 4 million
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted):
(1) Counterparty: PT. Sanneng Asia Industry Indonesia
(2) Relationship with the company: A company 100% owned by a sub-invested company, which is 100% owned by this company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced:
Not applicable
8. If the ownership of the transaction object within the past five years has been a related party of the company, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Relevant matters concerning the disposal of creditor's rights (including the type of collateral attached to the creditor's rights, and if the disposed creditor's rights belong to a related party, the name of the related party and the book value of the disposed creditor's rights of that related party must be announced):
Not applicable
10. Disposal gains (or losses) (not applicable for acquisition of securities) (for deferred items, a table should be provided to explain recognition):
Not applicable
11. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements:
Not applicable
12. Method of decision for this transaction, reference basis for price determination, and decision-making unit:
Based on the resolution of the board of directors on May 12, 2026
13. Net value per share of the target company for acquisition or disposal of securities:
Not applicable
14. As of now, the quantity, amount, shareholding ratio, and restricted rights (e.g., pledges) of the accumulated securities held (including this transaction):
Accumulated quantity: Not applicable
Accumulated holding amount (including this transaction): USD 5,800 thousand
Shareholding ratio: 100%
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the working capital amount in the most recent financial report (Note 2):
※Using the average closing exchange rate of USD on 2026/5/11 = 31.66
Proportion of total company assets: 8.16%
Proportion of equity attributable to owners of the parent: 10.41%
Working capital amount: NTD 803,862 thousand
16. Broker and brokerage fees:
Not applicable
17. Specific purpose or use of acquisition or disposal:
To meet the future business expansion needs of PT. Sanneng Asia Industry Indonesia
18. Opinions of dissenting directors on this transaction:
None
19. Is this transaction a related party transaction: Yes
20. Date of approval by supervisors or audit committee:
May 12, 2026
21. Auditor's opinion on this transaction is not unreasonable: Not applicable
22. Accounting firm name:
Not applicable
23. Accountant's name:
Not applicable
24. Accountant's practice certificate number:
Not applicable
25. Does it involve a change in business model: No
26. Explanation of change in business model:
None
27. Transaction status with the counterparty in the past year and estimated next year:
Not applicable
28. Source of funds:
Own funds and bank loans
29. Date of previous significant announcement on the same event: Not applicable
30. Other matters to be specified:
Actual capital increase schedule will be arranged according to capital needs.
2. Date of occurrence of the event: 2026/5/12~2026/5/12
3. Date of board of directors' resolution: May 12, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Transaction volume and unit price: Not applicable
Total transaction amount: USD 4 million
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted):
(1) Counterparty: PT. Sanneng Asia Industry Indonesia
(2) Relationship with the company: A company 100% owned by a sub-invested company, which is 100% owned by this company
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced:
Not applicable
8. If the ownership of the transaction object within the past five years has been a related party of the company, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction should also be announced:
Not applicable
9. Relevant matters concerning the disposal of creditor's rights (including the type of collateral attached to the creditor's rights, and if the disposed creditor's rights belong to a related party, the name of the related party and the book value of the disposed creditor's rights of that related party must be announced):
Not applicable
10. Disposal gains (or losses) (not applicable for acquisition of securities) (for deferred items, a table should be provided to explain recognition):
Not applicable
11. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements:
Not applicable
12. Method of decision for this transaction, reference basis for price determination, and decision-making unit:
Based on the resolution of the board of directors on May 12, 2026
13. Net value per share of the target company for acquisition or disposal of securities:
Not applicable
14. As of now, the quantity, amount, shareholding ratio, and restricted rights (e.g., pledges) of the accumulated securities held (including this transaction):
Accumulated quantity: Not applicable
Accumulated holding amount (including this transaction): USD 5,800 thousand
Shareholding ratio: 100%
15. As of now, the proportion of investment in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the working capital amount in the most recent financial report (Note 2):
※Using the average closing exchange rate of USD on 2026/5/11 = 31.66
Proportion of total company assets: 8.16%
Proportion of equity attributable to owners of the parent: 10.41%
Working capital amount: NTD 803,862 thousand
16. Broker and brokerage fees:
Not applicable
17. Specific purpose or use of acquisition or disposal:
To meet the future business expansion needs of PT. Sanneng Asia Industry Indonesia
18. Opinions of dissenting directors on this transaction:
None
19. Is this transaction a related party transaction: Yes
20. Date of approval by supervisors or audit committee:
May 12, 2026
21. Auditor's opinion on this transaction is not unreasonable: Not applicable
22. Accounting firm name:
Not applicable
23. Accountant's name:
Not applicable
24. Accountant's practice certificate number:
Not applicable
25. Does it involve a change in business model: No
26. Explanation of change in business model:
None
27. Transaction status with the counterparty in the past year and estimated next year:
Not applicable
28. Source of funds:
Own funds and bank loans
29. Date of previous significant announcement on the same event: Not applicable
30. Other matters to be specified:
Actual capital increase schedule will be arranged according to capital needs.