[Ho Tung] Announcement on behalf of important subsidiary Yilian Sugar Co., Ltd. regarding discontinuation of the sugar business
Ho Tung Chemical announced that its subsidiary, Yilian Sugar, will discontinue its sugar business due to continuous losses, resulting in an impairment loss of NT$289,515,000 in Q2 2026.
📋 Article Processing Timeline
- 📰 Published: May 15, 2026 at 09:00
- 🔍 Collected: May 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 16, 2026 at 10:26 (2h 26m after Collected)
1. Date of occurrence: 2026/05/15
2. Reason for the event: Because the subsidiary Yilian Sugar Co., Ltd. assessed that its sugar production and sales could not reach economic scale and continued to incur losses, it will not continue its sugar business.
(Items 3-11: N/A)
12. Decision-making process: Approved by the Board of Directors of Yilian Sugar Co., Ltd. on May 15, 2026.
13. Other matters to be specified:
An impairment assessment of sugar production-related equipment has been conducted. Yilian Sugar Co., Ltd. will recognize an impairment loss of NT$289,515 thousand in the second quarter of 2026.
2. Reason for the event: Because the subsidiary Yilian Sugar Co., Ltd. assessed that its sugar production and sales could not reach economic scale and continued to incur losses, it will not continue its sugar business.
(Items 3-11: N/A)
12. Decision-making process: Approved by the Board of Directors of Yilian Sugar Co., Ltd. on May 15, 2026.
13. Other matters to be specified:
An impairment assessment of sugar production-related equipment has been conducted. Yilian Sugar Co., Ltd. will recognize an impairment loss of NT$289,515 thousand in the second quarter of 2026.