Coasia-KY: Announcement on behalf of subsidiary regarding endorsement and guarantee improvement plan.
Key facts
- Coasia-KY: Announcement on behalf of subsidiary regarding endorsement and guarantee improvement plan.
- Coasia-KY announced that its subsidiary, Kunshan Comfort, has submitted an improvement plan because its endorsement and guarantee amount for another group company exceeded the regulatory limit. The company aims to improve its financial condition within one year through business transformation and asset disposal.
- Source: PR Times
- Date: May 14, 2026
Direct answer
Coasia-KY announced that its subsidiary, Kunshan Comfort, has submitted an improvement plan because its endorsement and guarantee amount for another group company exceeded the regulatory limit. The company aims to improve its financial condition within one year through business transformation and asset disposal.
- Citation
- Coasia-KY: Announcement on behalf of subsidiary regarding endorsement and guarantee improvement plan. (May 14, 2026), PR Times
- Source
- PR Times
- Date
- May 14, 2026
Coasia-KY announced that its subsidiary, Kunshan Comfort, has submitted an improvement plan because its endorsement and guarantee amount for another group company exceeded the regulatory limit. The company aims to improve its financial condition within one year through business transformation and asset disposal.
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 09:00
- 🔍 Collected: May 15, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 10:37 (2h 37m after Collected)
2. Company name: Comfort Precision Electro-Mechanics (Kunshan) Co., Ltd. (hereinafter referred to as Kunshan Comfort)
3. Relationship with the company: Subsidiary
5. Reason for occurrence: Kunshan Comfort provided an endorsement and guarantee for the company's subsidiary, Kunshan Kanglong Electronic Technology Co., Ltd. However, due to reduced performance from the group's transformation in recent years, Kunshan Comfort recognized losses that lowered its net worth, causing the endorsement and guarantee to exceed the limit. The company has established an improvement plan as required.
6. Countermeasures: (1) Kunshan Comfort will strengthen its financial structure and increase its net worth through company transformation, diversified operations, business expansion, active fundraising, and disposal of idle assets. (2) The improvement period is one year (2025.08.27~2026.08.26). (3) The company will track the improvement status quarterly and report to the audit committee, board of directors, and shareholders' meeting.
FAQ
What are the key facts in this article?
Coasia-KY announced that its subsidiary, Kunshan Comfort, has submitted an improvement plan because its endorsement and guarantee amount for another group company exceeded the regulatory limit. The company aims to improve its financial condition within one year through business transformation and asset disposal.
What is the direct answer?
Coasia-KY announced that its subsidiary, Kunshan Comfort, has submitted an improvement plan because its endorsement and guarantee amount for another group company exceeded the regulatory limit. The company aims to improve its financial condition within one year through business transformation and asset disposal.
What is the source and date?
PR Times: https://mops.twse.com.tw/material/twse-4943-2026-05-14-8413b391 | May 14, 2026