【Formosa Petrochemical】Announcement: Board of Directors Approves New Capital Loans Exceeding 2% of Company's Net Value in Q3 115
Formosa Petrochemical Corporation's board of directors approved capital loans totaling NT$33.54 billion to five related companies, including Taiwan Plastic, Nanya Plastic, Taiwan Chemical Fiber, Formosa Marine Transport Investment, and Formosa Heavy Industries. This amount represents 8.94% of the company's net value and is intended for working capital, with detailed relationships and loan specifics provided.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:42 (42 min after Collected)
1. Date of occurrence of the event: 2026/05/07
2. Companies receiving capital loans:
(1) Company name: Taiwan Plastics Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Nanya Plastics Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Taiwan Chemical Fiber Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Formosa Marine Transport Investment Co., Ltd.
(2) Relationship with the company providing capital loans: An invested company in which the company holds 19%
(3) Capital loan limit (NT$ thousands): 75,013,182
(4) Original capital loan balance (NT$ thousands): 88,614
(5) Amount of new capital loan (NT$ thousands): 55,022
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 143,636
(8) Reason for this new capital loan: Working capital
(1) Company name: Formosa Heavy Industries Corporation
(2) Relationship with the company providing capital loans: An invested company of an investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 5,300,000
(5) Amount of new capital loan (NT$ thousands): 5,100,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 10,400,000
(8) Reason for this new capital loan: Working capital
3. Collateral provided by the company receiving capital loans:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Most recent financial statements of the company receiving capital loans:
(1) Capital (NT$ thousands): 226,039,683
(2) Accumulated profit/loss (NT$ thousands): 125,133,336
5. Interest calculation method: Calculated daily
6. Repayment:
(1) Conditions: Loan term 1 year, borrower may repay at any time
(2) Date: Undetermined
7. Capital loan balance as of the date of occurrence (NT$ thousands): 33,543,636
8. Ratio of capital loan balance to net value of publicly issued company's most recent financial statements as of the date of occurrence: 8.94
9. Source of company's capital loans to others: Other
10. Other matters to be specified: Source of funds: Company's own funds.
Taiwan Plastics Corporation: Capital NT$63,657,408 thousand, Accumulated profit/loss NT$30,085,826 thousand.
Nanya Plastics Corporation: Capital NT$79,308,216 thousand, Accumulated profit/loss NT$26,719,853 thousand.
Taiwan Chemical Fiber Corporation: Capital NT$58,611,863 thousand, Accumulated profit/loss NT$34,476,081 thousand.
Formosa Marine Transport Investment Co., Ltd.: Capital NT$4,367,424 thousand, Accumulated profit/loss NT$41,082,910 thousand.
Formosa Heavy Industries Corporation: Capital NT$20,094,772 thousand, Accumulated profit/loss NT$-7,231,334 thousand.
2. Companies receiving capital loans:
(1) Company name: Taiwan Plastics Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Nanya Plastics Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Taiwan Chemical Fiber Corporation
(2) Relationship with the company providing capital loans: Investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 3,000,000
(5) Amount of new capital loan (NT$ thousands): 4,500,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 7,500,000
(8) Reason for this new capital loan: Working capital
(1) Company name: Formosa Marine Transport Investment Co., Ltd.
(2) Relationship with the company providing capital loans: An invested company in which the company holds 19%
(3) Capital loan limit (NT$ thousands): 75,013,182
(4) Original capital loan balance (NT$ thousands): 88,614
(5) Amount of new capital loan (NT$ thousands): 55,022
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 143,636
(8) Reason for this new capital loan: Working capital
(1) Company name: Formosa Heavy Industries Corporation
(2) Relationship with the company providing capital loans: An invested company of an investor whose investment in the company is accounted for by the equity method
(3) Capital loan limit (NT$ thousands): 93,766,478
(4) Original capital loan balance (NT$ thousands): 5,300,000
(5) Amount of new capital loan (NT$ thousands): 5,100,000
(6) Is this a capital loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 10,400,000
(8) Reason for this new capital loan: Working capital
3. Collateral provided by the company receiving capital loans:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Most recent financial statements of the company receiving capital loans:
(1) Capital (NT$ thousands): 226,039,683
(2) Accumulated profit/loss (NT$ thousands): 125,133,336
5. Interest calculation method: Calculated daily
6. Repayment:
(1) Conditions: Loan term 1 year, borrower may repay at any time
(2) Date: Undetermined
7. Capital loan balance as of the date of occurrence (NT$ thousands): 33,543,636
8. Ratio of capital loan balance to net value of publicly issued company's most recent financial statements as of the date of occurrence: 8.94
9. Source of company's capital loans to others: Other
10. Other matters to be specified: Source of funds: Company's own funds.
Taiwan Plastics Corporation: Capital NT$63,657,408 thousand, Accumulated profit/loss NT$30,085,826 thousand.
Nanya Plastics Corporation: Capital NT$79,308,216 thousand, Accumulated profit/loss NT$26,719,853 thousand.
Taiwan Chemical Fiber Corporation: Capital NT$58,611,863 thousand, Accumulated profit/loss NT$34,476,081 thousand.
Formosa Marine Transport Investment Co., Ltd.: Capital NT$4,367,424 thousand, Accumulated profit/loss NT$41,082,910 thousand.
Formosa Heavy Industries Corporation: Capital NT$20,094,772 thousand, Accumulated profit/loss NT$-7,231,334 thousand.