What company is receiving the loan from Taroko and what is its relationship to the lender?

The loan is being received by TAROKO US CORPORATION, which is a subsidiary with a 75.1% ownership relationship to the lender.

What is the reason given for the new loan to the subsidiary?

The reason given for the new loan is to address the operating capital needs of the borrowing company.

What collateral is the borrower providing and what is its value?

The borrower is providing a promissory note for the same loan amount as collateral, which has a value of 96,450 KWD.

What are the repayment terms and the interest calculation method for this loan?

The repayment terms allow for revolving use within one year, and the interest calculation method is set at 2.6%.

What is the source of the funds being lent to the related company?

The source of the funds being lent consists of financial institutions and the parent company.

Taroko Announces Audit Committee and Board Resolution to Approve Loan to Related Company - TAROKO US CORPORATION

Published Apr 8, 2026 9:00 AM ・ Updated Jun 18, 2026 8:12 AM ・ 3 min read ・ Source: PR Times

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.

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.

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Source: PR Times
Category: Funding
Organizations: TAROKO US CORPORATION
Dates in source: 115/04/08

Taroko Announces Audit Committee and Board Resolution to Approve Loan to Related Company - TAROKO US CORPORATION

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