Taiwan Navigation: Company Announces New Endorsement Guarantee for Subsidiary Tashin Marine Transport Co. (Announced in accordance with Article 25, Paragraph 1, Subparagraph 4 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies)
Taiwan Navigation has added a new endorsement guarantee of NT$1,919,700 thousand (approximately NT$1.92 billion) for its wholly-owned subsidiary, Tashin Marine Transport Co., strengthening its role as a co-guarantor for Tashin Marine Transport's bank loan applications.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 08:48 (48 min after Collected)
1. Date of occurrence of the event: 2026/04/28
2. Counterparty of the endorsement/guarantee:
(1) Company name: Tashin Marine Transport Co., Ltd.
(2) Relationship with the company providing the endorsement/guarantee: Wholly-owned subsidiary, 100% invested by the company.
(3) Limit of endorsement/guarantee (NT$ thousands): 35,679,782
(4) Original endorsement/guarantee balance (NT$ thousands): 11,184,578
(5) New endorsement/guarantee amount (NT$ thousands): 1,919,700
(6) Endorsement/guarantee balance as of the date of occurrence (NT$ thousands): 13,104,278
(7) Actual amount used by the counterparty of the endorsement/guarantee (NT$ thousands): 8,166,838
(8) Reason for the new endorsement/guarantee: To act as a co-guarantor for Tashin subsidiary's bank credit application.
3. Collateral provided by the counterparty of the endorsement/guarantee:
(1) Content: None.
(2) Value (NT$ thousands): 0
4. Latest financial statements of the counterparty of the endorsement/guarantee:
(1) Capital (NT$ thousands): 3,689,444
(2) Accumulated profit/loss (NT$ thousands): 8,331,595
5. Conditions for release from endorsement/guarantee liability:
(1) Conditions: Subsidiary repays according to the agreement.
(2) Date: Upon maturity of the subsidiary's credit agreement.
6. Total limit of endorsement/guarantee (NT$ thousands): 43,058,670
7. Endorsement/guarantee balance as of the date of occurrence (NT$ thousands): 13,104,278
8. Ratio of endorsement/guarantee balance provided by A as of the date of occurrence to the net worth of the public company's latest financial statements: 73.45%
9. Ratio of total endorsement/guarantee, long-term investments, and loans balance as of the date of occurrence to the net worth of the public company's latest financial statements: 95.44%
10. Other matters that should be specified: The aforementioned endorsement/guarantee amount is converted based on the Taiwan Bank's average spot exchange rate of 31.995 at the close of March 31, 2026.
2. Counterparty of the endorsement/guarantee:
(1) Company name: Tashin Marine Transport Co., Ltd.
(2) Relationship with the company providing the endorsement/guarantee: Wholly-owned subsidiary, 100% invested by the company.
(3) Limit of endorsement/guarantee (NT$ thousands): 35,679,782
(4) Original endorsement/guarantee balance (NT$ thousands): 11,184,578
(5) New endorsement/guarantee amount (NT$ thousands): 1,919,700
(6) Endorsement/guarantee balance as of the date of occurrence (NT$ thousands): 13,104,278
(7) Actual amount used by the counterparty of the endorsement/guarantee (NT$ thousands): 8,166,838
(8) Reason for the new endorsement/guarantee: To act as a co-guarantor for Tashin subsidiary's bank credit application.
3. Collateral provided by the counterparty of the endorsement/guarantee:
(1) Content: None.
(2) Value (NT$ thousands): 0
4. Latest financial statements of the counterparty of the endorsement/guarantee:
(1) Capital (NT$ thousands): 3,689,444
(2) Accumulated profit/loss (NT$ thousands): 8,331,595
5. Conditions for release from endorsement/guarantee liability:
(1) Conditions: Subsidiary repays according to the agreement.
(2) Date: Upon maturity of the subsidiary's credit agreement.
6. Total limit of endorsement/guarantee (NT$ thousands): 43,058,670
7. Endorsement/guarantee balance as of the date of occurrence (NT$ thousands): 13,104,278
8. Ratio of endorsement/guarantee balance provided by A as of the date of occurrence to the net worth of the public company's latest financial statements: 73.45%
9. Ratio of total endorsement/guarantee, long-term investments, and loans balance as of the date of occurrence to the net worth of the public company's latest financial statements: 95.44%
10. Other matters that should be specified: The aforementioned endorsement/guarantee amount is converted based on the Taiwan Bank's average spot exchange rate of 31.995 at the close of March 31, 2026.