Company Announces Additional Lending Limits to Affiliates Totaling NT9.35 Billion
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 08:21 (24h 20m after Collected)
The date of occurrence was May 13, 2026. The company announced additional lending limits to several affiliated companies, all for working capital purposes. The recipients include Nan Ya Plastics Corporation, a corporate director of the company, whose previous lending balance was NT.0 billion. The newly added amount is NT.5 billion, bringing the balance as of the occurrence date to NT.5 billion. Taiwan Chemical Fiber Corporation, also a corporate director of the company, had a previous balance of NT.0 billion; the newly added amount is NT.5 billion, bringing the balance to NT.5 billion. Formosa Petrochemical Corporation, an investee accounted for under the equity method, had a previous balance of NT.0 billion; the newly added amount is NT.5 billion, bringing the balance to NT.5 billion. Formosa Heavy Industries Corporation, an investee accounted for under the equity method, had a previous balance of NT.8 billion; the newly added amount is NT.7 billion, bringing the balance to NT.5 billion. Formosa Plastics Development Corporation, an investee accounted for under the equity method, had a previous balance of NT00 million; the newly added amount is NT50 million, bringing the balance to NT50 million. The lending limit for each recipient is NT8.043298 billion. The board did not authorize the chairman to make installment lending or revolving drawdowns to the same borrower. No collateral was provided by the borrowing companies. Interest is calculated daily. The loan term is one year, borrowers may repay at any time, and the repayment date has not been determined. As of the occurrence date, the company’s total outstanding lending balance was NT2.62 billion, representing 8.36% of the net worth shown in the public company’s latest financial statements. The source of funds is the company’s own capital. The announced lending amounts are approved available lending limits submitted to the board, and no actual drawdown has yet been made.