[Swancor Holding Co., LTD.] Announcement by Subsidiary SWANCOR IND. CO., LTD. on New Loan to Reach Standards Prescribed by Article 22, Paragraph 1, Subparagraphs 2 and 3 of the "Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies"
SWANCOR IND. CO., LTD., a subsidiary of Swancor Holding Co., LTD., announced a new loan of TWD 2,080,800 thousand (approx. USD 64 million) to its indirectly 100%-owned parent company for working capital. This brings the total outstanding loan balance to TWD 4,486,600 thousand (approx. USD 138 million), representing 25.63% of the public company's latest financial statement net worth.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:39 (1h 39m after Collected)
1. Date of occurrence of the event: 2026/05/08
2. Recipient of the loan:
(1) Company name: Swancor Holding Co., LTD.
(2) Relationship with the company providing the loan: Parent company indirectly holding 100% of the company's shares.
(3) Loan limit (in thousands of NTD): 2,625,746
(4) Original loan outstanding balance (in thousands of NTD): 0
(5) New loan amount (in thousands of NTD): 2,080,800
(6) Is this a loan authorized by the board of directors for the same borrower to be disbursed in installments or on a revolving basis: No
(7) Loan outstanding balance as of the date of occurrence (in thousands of NTD): 2,080,800
(8) Reason for the new loan: Working capital turnover
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Recipient of the loan's latest financial statement:
(1) Capital (in thousands of NTD): 976,054
(2) Accumulated profit/loss (in thousands of NTD): 5,997,205
5. Interest calculation method: Annual interest rate of 1.70%
6. Repayment:
(1) Terms: As per contract agreement
(2) Date: As per contract agreement
7. Loan outstanding balance as of the date of occurrence (in thousands of NTD): 4,486,600
8. Ratio of loan outstanding balance to the public company's latest financial statement net worth as of the date of occurrence: 25.63%
9. Source of funds for the company's loans to others: The subsidiary itself
10. Other matters that need to be specified: None
Keywords: Material Information
2. Recipient of the loan:
(1) Company name: Swancor Holding Co., LTD.
(2) Relationship with the company providing the loan: Parent company indirectly holding 100% of the company's shares.
(3) Loan limit (in thousands of NTD): 2,625,746
(4) Original loan outstanding balance (in thousands of NTD): 0
(5) New loan amount (in thousands of NTD): 2,080,800
(6) Is this a loan authorized by the board of directors for the same borrower to be disbursed in installments or on a revolving basis: No
(7) Loan outstanding balance as of the date of occurrence (in thousands of NTD): 2,080,800
(8) Reason for the new loan: Working capital turnover
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Recipient of the loan's latest financial statement:
(1) Capital (in thousands of NTD): 976,054
(2) Accumulated profit/loss (in thousands of NTD): 5,997,205
5. Interest calculation method: Annual interest rate of 1.70%
6. Repayment:
(1) Terms: As per contract agreement
(2) Date: As per contract agreement
7. Loan outstanding balance as of the date of occurrence (in thousands of NTD): 4,486,600
8. Ratio of loan outstanding balance to the public company's latest financial statement net worth as of the date of occurrence: 25.63%
9. Source of funds for the company's loans to others: The subsidiary itself
10. Other matters that need to be specified: None
Keywords: Material Information