Taroko Announces Audit Committee and Board Resolution to Approve Loan to Related Company - TAROKO US CORPORATION
Taroko has resolved to provide a loan to its subsidiary, TAROKO US CORPORATION, with a limit of NT$166,568 thousand and a new loan of NT$96,450 thousand at an interest rate of 2.6%, to meet operating capital needs.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 09:00
- 🔍 Collected: April 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 03:08 (235h 8m after Collected)
1. Date of Occurrence: 115/04/08
2. Company Receiving Loan:
(1) Company Name: TAROKO US CORPORATION
(2) Relationship to Lender: Subsidiary with 75.1% ownership
(3) Loan Limit (KWD): 166,568
(4) Outstanding Balance of Original Loan (KWD): 0
(5) Amount of New Loan (KWD): 96,450
(6) Whether Board Authorized Chairman for Partial or Revolving Loans to Same Borrower: Yes
(7) Outstanding Loan Balance as of Occurrence Date (KWD): 96,450
(8) Reason for New Loan:
To address operating capital needs
3. Collateral Provided by Borrower:
(1) Content: Promissory note for the same loan amount
(2) Value (KWD): 96,450
4. Borrower's Latest Financial Statement:
(1) Capital (KWD): 593,315
(2) Accumulated Profit/Loss (KWD): -157,720
5. Interest Calculation Method: 2.6%
6. Repayment Terms:
(1) Conditions: Revolving use within one year
(2) Date: Not yet determined
7. Outstanding Loan Balance as of Occurrence Date (KWD): 191,450
8. Ratio of Outstanding Loan Balance to Net Asset Value in Public Company's Latest Financial Statement: 11.50
9. Source of Funds Lent:
Financial institutions, Parent company
10. Other Disclosures:
(1) The loan limit approved by the board is USD 3 million.
(2) Exchange rates are converted at USD to NT$1:32.15.
2. Company Receiving Loan:
(1) Company Name: TAROKO US CORPORATION
(2) Relationship to Lender: Subsidiary with 75.1% ownership
(3) Loan Limit (KWD): 166,568
(4) Outstanding Balance of Original Loan (KWD): 0
(5) Amount of New Loan (KWD): 96,450
(6) Whether Board Authorized Chairman for Partial or Revolving Loans to Same Borrower: Yes
(7) Outstanding Loan Balance as of Occurrence Date (KWD): 96,450
(8) Reason for New Loan:
To address operating capital needs
3. Collateral Provided by Borrower:
(1) Content: Promissory note for the same loan amount
(2) Value (KWD): 96,450
4. Borrower's Latest Financial Statement:
(1) Capital (KWD): 593,315
(2) Accumulated Profit/Loss (KWD): -157,720
5. Interest Calculation Method: 2.6%
6. Repayment Terms:
(1) Conditions: Revolving use within one year
(2) Date: Not yet determined
7. Outstanding Loan Balance as of Occurrence Date (KWD): 191,450
8. Ratio of Outstanding Loan Balance to Net Asset Value in Public Company's Latest Financial Statement: 11.50
9. Source of Funds Lent:
Financial institutions, Parent company
10. Other Disclosures:
(1) The loan limit approved by the board is USD 3 million.
(2) Exchange rates are converted at USD to NT$1:32.15.