Chih-Shih-Teh Corp. Announces New Loans from Subsidiary, Exceeding NT$10 Million and 2% of Net Worth
Chih-Shih-Teh Corporation announced that its subsidiary, Chuan Yuan (China) Machinery Co., Ltd., will provide an additional CNY 10 million (approximately NT$46.3 million) loan to its subsidiary, Chuan Neng Carbon Harmony (Beijing) Environmental Technology Co., Ltd., to cover operational needs.
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- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 10:30 (2h 30m after Collected)
1. Date of occurrence: 115/05/12
2. Recipient of funds:
(1) Company name: Chuan Neng Carbon Harmony (Beijing) Environmental Technology Co., Ltd.
(2) Relationship with the company lending funds:
A subsidiary of Chuan Yuan (China) Machinery Co., Ltd. with a 60% shareholding.
(3) Limit of funds lent (thousands of NT$): 199,311
(4) Balance of original loans (thousands of NT$): 46,300
(5) Amount of new loans (thousands of NT$): 46,300
(6) Is this a loan authorized by the board of directors for installment disbursement or revolving use to the same borrower? Yes
(7) Balance of loans outstanding as of the date of occurrence (thousands of NT$): 92,600
(8) Reason for new loans:
Short-term financing for subsidiary's operational turnover.
3. Collateral provided by the company receiving the loan:
(1) Content:
None
(2) Value (thousands of NT$): 0
4. Most recent financial statements of the company receiving the loan:
(1) Capital (thousands of NT$): 46,290
(2) Accumulated profit/loss (thousands of NT$): -50,121
5. Interest calculation method:
As per contract.
6. Repayment terms:
(1) Conditions:
Can be repaid early or in installments.
(2) Date:
To be repaid in full upon maturity or repaid in advance.
7. Balance of loans outstanding as of the date of occurrence (thousands of NT$):
231,500
8. Ratio of outstanding loans to net worth as of the date of occurrence, based on the company's most recent financial statements:
15.36
9. Source of funds lent by the company:
Subsidiary's own funds.
10. Other matters to be described:
The total loan amount is RMB 10 million, converted at an exchange rate of RMB to NT$ 4.63.
Keyword: Material Information
2. Recipient of funds:
(1) Company name: Chuan Neng Carbon Harmony (Beijing) Environmental Technology Co., Ltd.
(2) Relationship with the company lending funds:
A subsidiary of Chuan Yuan (China) Machinery Co., Ltd. with a 60% shareholding.
(3) Limit of funds lent (thousands of NT$): 199,311
(4) Balance of original loans (thousands of NT$): 46,300
(5) Amount of new loans (thousands of NT$): 46,300
(6) Is this a loan authorized by the board of directors for installment disbursement or revolving use to the same borrower? Yes
(7) Balance of loans outstanding as of the date of occurrence (thousands of NT$): 92,600
(8) Reason for new loans:
Short-term financing for subsidiary's operational turnover.
3. Collateral provided by the company receiving the loan:
(1) Content:
None
(2) Value (thousands of NT$): 0
4. Most recent financial statements of the company receiving the loan:
(1) Capital (thousands of NT$): 46,290
(2) Accumulated profit/loss (thousands of NT$): -50,121
5. Interest calculation method:
As per contract.
6. Repayment terms:
(1) Conditions:
Can be repaid early or in installments.
(2) Date:
To be repaid in full upon maturity or repaid in advance.
7. Balance of loans outstanding as of the date of occurrence (thousands of NT$):
231,500
8. Ratio of outstanding loans to net worth as of the date of occurrence, based on the company's most recent financial statements:
15.36
9. Source of funds lent by the company:
Subsidiary's own funds.
10. Other matters to be described:
The total loan amount is RMB 10 million, converted at an exchange rate of RMB to NT$ 4.63.
Keyword: Material Information