Formosa Sumco Technology Approves Loaning of Funds to Subsidiary Japan Formosa Sumco
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 09:00
- 🔍 Collected: May 15, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 08:09 (8 min after Collected)
Formosa Sumco Technology announced that its Board of Directors has approved a revolving loan facility for its 100%-owned subsidiary, Japan Formosa Sumco Co., Ltd. The newly added loan amount of NT$370 million will replace a previous loan expiring on June 9, to meet the subsidiary's ongoing working capital needs. The new facility is valid from June 10, 2026, to June 9, 2027, carrying an annual interest rate of 1.75%. Total loans to the subsidiary now reach NT$597.7 million, representing 2.46% of the company's net worth.