Wei Chuan (1201) Announces Loan by Subsidiary
Wei Chuan announced that its subsidiary, Wei Chuan Food Investment Co., Ltd., has extended a loan of TWD 392,131 thousand to its wholly-owned subsidiary, Langfang Wei Chuan Food Co., Ltd., for working capital. The unsecured loan was executed on May 20, 2026, with repayment due by May 20, 2027. This brings the Wei Chuan group's total outstanding loan balance to TWD 1,645,456 thousand.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:35 (1h 3m after Collected)
Wei Chuan (ticker: 1201) has announced a loan to others by its subsidiary, Wei Chuan Food Investment Co., Ltd., in accordance with Article 22, Paragraph 1, Subparagraph 3 of the "Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies." The date of occurrence was May 20, 2026.
The loan recipient is Langfang Wei Chuan Food Co., Ltd., a foreign subsidiary in which the parent company Wei Chuan directly and indirectly holds 100% of the voting shares. The new loan amounts to TWD 392,131 thousand and is intended for operational turnover. This transaction is part of a facility authorized by the Board of Directors for the chairman to disburse funds in installments or on a revolving basis to the same borrower. No collateral has been provided.
Repayment is due upon maturity or can be made earlier, with a final deadline of May 20, 2027. Following this transaction, the outstanding loan balance to this entity is TWD 392,131 thousand. As of the transaction date, the total balance of loans to others is TWD 1,645,456 thousand, representing 21.16% of the company's net worth as per its latest financial statements. The source of funds is the lending subsidiary itself.
The loan recipient is Langfang Wei Chuan Food Co., Ltd., a foreign subsidiary in which the parent company Wei Chuan directly and indirectly holds 100% of the voting shares. The new loan amounts to TWD 392,131 thousand and is intended for operational turnover. This transaction is part of a facility authorized by the Board of Directors for the chairman to disburse funds in installments or on a revolving basis to the same borrower. No collateral has been provided.
Repayment is due upon maturity or can be made earlier, with a final deadline of May 20, 2027. Following this transaction, the outstanding loan balance to this entity is TWD 392,131 thousand. As of the transaction date, the total balance of loans to others is TWD 1,645,456 thousand, representing 21.16% of the company's net worth as per its latest financial statements. The source of funds is the lending subsidiary itself.