Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3
Key facts
- Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3
- Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
- Source: PR Times
- Date: June 15, 2026
Direct answer
Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
- Citation
- Kangkong-KY Announces Subsidiary Kunshan Kanglong Electronic Technology Co., Ltd. Provided Loans Meeting Article 22, Paragraph 1, Clause 3 (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
Kunshan Kanglong Electronic Technology Co., Ltd., a subsidiary of Kangkong-KY, has provided a loan of NT$26,150 thousand to Kunshan Haojun Precision Electronics Co., Ltd. The total outstanding loan balance reached NT$96,990 thousand, raising financial risk concerns due to the lack of collateral and the borrower's accumulated deficit.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:16 (16 min after Collected)
1. Factual date: 115/06/15
2. Recipient of the funds loaned:
(1) Company name: Kunshan Haojun Precision Electronics Co., Ltd.
(2) Relationship with the lending company: Subsidiary
(3) Loan limit (in thousand NT$): 243,450
(4) Previous loan balance (in thousand NT$): 70,840
(5) Amount of new loan this time (in thousand NT$): 26,150
(6) Whether the board authorized the chairman to make multiple disbursements or revolving loans to the same borrower: No
(7) Loan balance as of the factual date (in thousand NT$): 96,990
(8) Reason for the new loan: Operational needs
3. Collateral provided by the borrowing company:
(1) Description: None
(2) Value (in thousand NT$): 0
4. Latest financial statements of the borrowing company:
(1) Capital (in thousand NT$): 38,488
(2) Accumulated profit/loss (in thousand NT$): -446,637
5. Interest calculation method: In accordance with the company's internal procedures for lending funds to others
6. Repayment terms:
(1) Conditions: Repayment by 117/6/14
(2) Date: Repayment by 117/6/14
7. Total loan balance as of the factual date (in thousand NT$): 486,784
8. Ratio of total loan balance to the net equity of the publicly listed company based on the latest financial statements: 277.97%
9. Source of the funds loaned: The subsidiary itself
10. Other matters to be disclosed: None
2. Recipient of the funds loaned:
(1) Company name: Kunshan Haojun Precision Electronics Co., Ltd.
(2) Relationship with the lending company: Subsidiary
(3) Loan limit (in thousand NT$): 243,450
(4) Previous loan balance (in thousand NT$): 70,840
(5) Amount of new loan this time (in thousand NT$): 26,150
(6) Whether the board authorized the chairman to make multiple disbursements or revolving loans to the same borrower: No
(7) Loan balance as of the factual date (in thousand NT$): 96,990
(8) Reason for the new loan: Operational needs
3. Collateral provided by the borrowing company:
(1) Description: None
(2) Value (in thousand NT$): 0
4. Latest financial statements of the borrowing company:
(1) Capital (in thousand NT$): 38,488
(2) Accumulated profit/loss (in thousand NT$): -446,637
5. Interest calculation method: In accordance with the company's internal procedures for lending funds to others
6. Repayment terms:
(1) Conditions: Repayment by 117/6/14
(2) Date: Repayment by 117/6/14
7. Total loan balance as of the factual date (in thousand NT$): 486,784
8. Ratio of total loan balance to the net equity of the publicly listed company based on the latest financial statements: 277.97%
9. Source of the funds loaned: The subsidiary itself
10. Other matters to be disclosed: None
FAQ
What kind of company is the loan recipient?
Kunshan Haojun Precision Electronics is a subsidiary of Kangkong-KY's affiliate. It has significant accumulated deficits and weak financial health.
How large is the loan relative to net assets?
The outstanding loan of NT$96.99 million represents 277.97% of the parent company's net assets, an extremely high ratio.
What impact does this have on shareholders?
High default risk could negatively affect consolidated earnings and potentially erode shareholder value.