Chih Chiang-KY: Subsidiary SPG (Samoa) Announces Fund Lending
Chih Chiang-KY announced that its subsidiary, SPG (Samoa), is providing fund lending to its wholly-owned Vietnamese and Indonesian subsidiaries, All Wells International Co., Ltd. (Vietnam) and PT Can Sports Industrial Indonesia. The total new lending amounts to 379.68 million NTD (USD 12 million) for operational turnover. The lending is on a revolving basis, approved by the board.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 21:01 (13h 1m after Collected)
Chih Chiang-KY's subsidiary, SPG (Samoa), is providing fund lending to its wholly-owned subsidiaries: All Wells International Co., Ltd. (Vietnam) with a new loan of 126.56 million NTD (USD 4 million) and PT Can Sports Industrial Indonesia with a new loan of 253.12 million NTD (USD 8 million). These loans are for operational turnover and are on a revolving basis, meaning they can be drawn down and used multiple times within the approved limit and term. The total outstanding loans to these subsidiaries as of May 11, 115 (2026) amount to 5.5718 billion NTD.
FAQ
Which subsidiaries are receiving funds?
All Wells International Co., Ltd. (Vietnam) and PT Can Sports Industrial Indonesia.
What is the purpose of these loans?
Operational turnover.
What are the new loan amounts?
126.56 million NTD (USD 4 million) to the Vietnamese subsidiary and 253.12 million NTD (USD 8 million) to the Indonesian subsidiary.
Are these loans revolving?
Yes, the board has authorized the chairman to allow for multiple drawdowns and revolving use of the funds within the approved limits and term.